News blog
UniVision Engineering Ltd
- BY: Andrew Hore |
- POSTED: 29/12/2008 |
Higher interest costs have reduced the interim profits of UniVision Engineering Ltd.
The Hong Kong-based CCTV systems installer increased its operating profit from £722,000 to £744,000 in the six months to September 2008, but pre-tax profits dipped from £676,00 to £356,000. Revenues fell from £5.38m to £4.28m. There was a cash outflow of £549,000 from operations.
The maintenance contract with the Hong Kong mass transit railway operator will contribute to the second half figures. There are other potential contracts which should come to fruition in the next few months. China will be the focus for growth.
At 0.35p - a bid/offer spread of 0.2p/0.5p - a share, UniVision is valued at £1.34m.
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