Safestyle UK plc (AIM: SFE) - yet another AIM listed window manufacturer announces
There were interim results from yet another manufacturer of PVCu replacement windows and doors – it seems AIM has now moved from being a resources driven market to one focusing on replacement door and windows, at least the latter makes money!
It wasn’t a bad 6 months for Safestyle with revenue up 6.9% to £74.0m and their market share in the period apparently growing to 9.5% from 8.5% as at 31 December 2014 according to FENSA installations data.
Profit before tax increased 2.3% to £8.8m with earnings per share up 2.4% to 9.1p. We always like to focus on the cash delivery and operating profit of £8.7m saw an operating cash inflow of a similar amount…
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