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Walker Greenbank

  • BY: Andrew Hore |
  • POSTED: 03/02/2010 |

Strong cash generation has helped interior furnishings supplier Walker Greenbank to almost halve its net debt by the end of January 2010.

Net debt has fallen from 6.2m to 3.2m over the 12 month period. Profits will be in line with expectations following the December trading statement. House broker Arden forecasts profits of 2.3m for 2009-10, rising to 3m in 2010-11.

At 22.5p a share, Walker Greenbank is valued at 13.1m. The shares are trading on less than eight times 2009-10 earnings.

Full year figures will be published on 14 April.

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