News blog

Northern Bear

  • BY: Andrew Hore |
  • POSTED: 29/11/2011 |

Newcastle-upon-Tyne-based building services firm Northern Bear has reported higher interim revenues and profit from continuing operations.

Revenues increased from 13.4m to 17.2m in the six months to September 2011, while pre-tax profit improved from 450,000 to 685,000. This excludes the loss on discontinued operations of 106,000, up from 59,000.

Net debt has fallen from 8.81m to 8.32m in the six months to September 2011, helped by the proceeds of disposals.

Northern Bear says that it has not spent much developing its renewable business so it will not be hit too hard by the feed-in tariff changes.

Graham Forrest resigned as chief executive last month. However, trading appears to be going well and order books have improved. Lower government spending has not hampered the business and there are early signs of an upturn in housebuilding.

At 10.5p a share, Northern Bear is valued at 1.99m.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFNovember2011_26.pdf

© 2021 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Browse by issue
All issues
Popular tags
All tags

betbrokers, financial, gold, health, leisure, media, mobile, resources, services, technology

AIM Micro feeds

Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds