Brulines: results looks highly encouraging so why the 9% share price fall?
The market leading provider of real time monitoring systems and data management services for the UK leisure sector, announced its interim results for the six months ended 25 September 2009. The cash generation should encourage!.
Turnover was up 11.3% to £9.90m and profit before tax was £1.90m post exceptional items of £0.3m and increased intangible amortisation of £0.1m (H1 2008: £2.17 million)
Operating profits before the exceptional reorganisation charges were dragged back as a result of the trading losses incurred at Vianet and Edensure. These two businesses were purchased in October and December 2008 respectively, and the integration has progressed well with Edensure now performing around breakeven levels and…
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