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Mount Engineering

  • BY: Andrew Hore |
  • POSTED: 23/07/2009 |

Mount Engineering says that its 2009 interim profits will be similar to the previous year.

Net cash has improved from £534,000 at the end of 2008 to £618,000 at the end of June 2009. 

Mount reported a profit of £1.53m in the six months to June 2008.

Management says that controlling costs is helping to maintain profitability and they expect the full year outcome to be similar to last year as well. Mount made a profit of 33.07m on revenues of £11.8m in 2008.

The trading statement reassured investors and the shares rose 10p to 55.5p each, which valued Mount at £13m. The shares are trading on just over six times historical earnings.

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