Creston on track for full year
Communications group Creston confirmed that headline pre-tax profit for the full year is expected to be in line with company expectations.
Communications group Creston confirmed that headline pre-tax profit for the full year is expected to be in line with company expectations.
In an update on trading for the year ended 31 March 2012 it said full year revenue is expected to reach £75m, up 11% from the previous year. Like-for-like revenue is marginally ahead of the same period last year.
Try 6 free issues of MoneyWeek today
Get unparalleled financial insight, analysis and expert opinion you can profit from.
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Operating cash flow remains good and after funding the initial cash consideration of £3.8m for The Corkery Group acquisition and the cash charges for the restructuring, start-ups and acquisition related costs, the group expects to be broadly debt free at the year-end and in a net cash position as at 27 April 2012, both ahead of expectations.
Creston said its most recent acquisition, The Corkery Group, is performing well.
CJ
-
Financial education: how to teach children about moneyFinancial education was added to the national curriculum more than a decade ago, but it doesn’t seem to have done much good. It’s time to take back control
-
Investing in Taiwan: profit from the rise of Asia’s Silicon ValleyTaiwan has become a technology manufacturing powerhouse. Smart investors should buy in now, says Matthew Partridge
