News blog
WFCA
- BY: Andrew Hore |
- POSTED: 09/02/2009 |
Advertising and marketing company WFCA has produced a much improved set of results in the first half but says that the second half will be tougher.
Management believes that cost control will ensure that the business remains profitable.
WFCA reversed into Aim-quoted Ekay in April 2008. Ekay’s founder Eddie Powell left the board at the end of January 2009.
Profits improved from £139,000 to £509,000 in the six months to December 2008, while revenues fell from £23.1m to £19.3m. Net debt is £713,000.
Channel Islands-based advertising agency Wallace Barnaby was placed in voluntary liquidation during the first half. Wallace Barnaby had negative net assets so its removal from the balance sheet has improved the net asset value.
Shares in WFCA fell 0.5p to 5.5p a share, which values the company at £8.65m.
© 2024 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
- Browse by issue
- All issues
- Popular tags
- All tags
- AIM Micro feeds
Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds
|