Nationwide Accident Repair Services said revenue fell 12.9 per cent to 80.7m pounds, primarily due to site closures in 2011.
On a like-for-like basis revenue fell 4.7%, hit by poor LFL insurance revenue but boosted by strong LFL growth in fleet revenue. The gross profit margin increased from 35.5% to 36.3%. Underlying profit before tax was down to £2.8m (2011: £3.5m), while statutory profit before tax of £2.1m (2011: £3.0m). Net cash at June 30th increased to £8.0m (2011: £7.3m).
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
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
WANdisco, a California-based collaboration software developer with operations in Sheffield, posted a 53% rise in revenue for the six months ended June 30th, from $1.91m to $2.92m, with cash bookings up 57% from $2.16m to $3.39m year-on-year. However the loss for period totalled $3.64m compared to $1.2m the same period the previous year, hit by increased operating expenses. Net cash soared to $22.0m from $0.12m a year earlier.
NR
-
NS&I raises interest rates on British Savings Bonds – are they any good?Savers can access inflation-beating rates on NS&I's British Savings Bonds but there are better deals on offer in the wider market.
-
'I've used my annual ISA allowance. How can I shield my savings from tax?'As millions face paying tax on savings interest, we explore how to protect your money from the taxman. If you've used up your ISA allowance, we look at the other tax-efficient options.
