Regenersis says that it is performing in line with expectations.
The electronic goods repairer and recycler is on course to report an increase in profit from £4.7m to £5.5m in the year to June 2010 according to house broker KBC Peel Hunt.
Shares in Regenersis fell 3.5p to 43.5p each, which values the company at £19.5m. The shares are trading at less than five times prospective earnings for 2009-10.
A facility in Nottingham is being closed at a cost of £200,000. The Nottingham facility lost £300,000 in 2008-09. This is part of the integration of the Total Repair Solutions business acquired at the beginning of September 2009.
Net debt was £4.3m at the end of June 2009.
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