red24 (REDT:AIM) encouraging results and the valuation suggests its worth a look
Group revenue increased by 15.4% to £3.3m and operating profits rose 6.8% to £439k bear in mind the market cap is only £5.7m!
Growth in the volume of business was unfortunately not matched by growth in pre-tax profits largely due to movements in the value of the dollar which has had a negative impact of £40,000 when compared to the same period last year. Without this, profit before tax would have increased by…
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