NICHOLS (AIM:NICL) Upgrades to follow strong trading update
The excellent trading performance seen in the first half year has continued into the second half of 2010 with full year 2010 revenues once again well ahead of the Groups internal plans and operating margins that will be in line with plan. The Group’s balance sheet has been strengthened and underlying cash generation will also be ahead of expectations (expectations were for net cash of c£13.6m). They now expect the Group’s profitability for the year…
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