Restore – another tale of questionable exceptional items
Restore (AIM:RST) is yet another so-called ‘Buy and Build’ stock market creation which is focused on delivering value to shareholders, primarily through the acquisition and successful integration of other related businesses, principally in the area of document storage and management.
Management commented on ‘another strong first-half performance”, but it didn’t look terribly strong to us.
The adjusted results obviously present the usual delightful picture with revenue rising 9% to £95.1m, operating profit up 15% to…
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