Symphony Environmental Technology, a specialist in advanced plastics technologies, has signed a 20-year exclusive distribution agreement for its d2w plastic technology covering the People's Republic of China, its first ever exclusive distribution agreement for China.
Cyprotex, a pre-clinical absorption, distribution, metalobism and excretion-toxicity (ADME-tox) services company, reported a 33.6% rise in revenues to £7.91m for 2011. Pre-tax profit rose 42% from £0.62m in 2010 to £0.88m, while earnings per share were up from 0.31p to 0.39p year on year. Cash at the end of the year grew from £1m to £1.13m.
Car valeting firm Autoclenz Holdings reported flat revenues for 2011. Revenues were up by just £0.3m to £26.6m, while profits of £0.13m in 2010 turned to a loss of £0.26m. Earnings per share fell from 0.83p to -1.73p. Cash at the end of the period doubled from £0.23m to £0.54m.
Subscribe to 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
Evocutis, a skincare developer, reported an increase in revenue to £0.34m for the half year ended January 31st (H1 2011: £0.16m). Adjusted operating loss was reduced to £0.3m (H1 2011: -£0.5), while basic loss per share fell to 0.21p (H1 2011: -0.47p). Cash at the end of the period increased to £1.8m (H1 2011: £1.1m)
ServicePower Technologies, a field management company, has reported both revenues and profits significantly ahead of initial expectations. Profit before tax increased by 83% to £1.1m (2010: £0.6m). Revenues decreased to £13.3m (2010: £18.3m), which the firm said reflects the strategic change in product mix toward higher margin business. Earnings per share were 0.54p (2010: 0.30p), while cash at the end of the period was £5.5m at December 31st (£3.7m at December 31st).
Independent News & Media reported a slight fall in revenue from €626.4m to €558m, while pre-tax figures turned to a loss, from €4.6m to -€63.6m. Cash levels remained stable, gaining €0.6m to €11.9m Operating margin was 13.5%, up 3/10 of a percentage point on 2010. Earnings per share before exceptionals were 9.8 cents.
