ENFIS GROUP (AIM:ENF): the LED specialists could be interesting to follow
Enfis announced the results of its strategic review and a further update on current trading.
The Group is a global leader in the design, development and manufacture of intelligent, high-power light emitting diode (LED) light engines and arrays across a wide range of wavelengths. Trading Sales for the year ended 31st December 2009 were in excess of £700,000 and its year-end cash balance was in excess of £1m. Total borrowings at the year-end were £58,000. Since 30th November 2009 update the Group has reduced its cash burn through closure of its North American office and rationalisation of its UK and Shanghai premises. As a result of the strategic review, additional engineering effort and technical sales…