Thursday 29th September 2011
Universe (UNG.L), the AIM-listed retail and loyalty systems provider, announces its unaudited interim results for the six months to 30th June 2011.
Highlights
- - Operating profit before exceptional items of £280,000 (2010: £398,000) on stable revenues of £5.7 million (2010: £5.7 million)
- - Loss before taxation of £235,000 (2010: profit of £76,000)*
- - Loss per share 0.20p (2010: loss of 0.51p)**
- - EBITDA of £726,000 (2010: £890,000)*
- - Net cash inflow from operations of £374,000 (2010: £165,000)
* comparative stated before a loss from discontinued operations of £665,000
**comparative stated after a loss from discontinued operations of £665,000
Robert Goddard, Chairman of Universe, commented:
“The introduction of new management has enabled a fresh view to be taken of the company’s capabilities and how best to deploy them.
The recent rationalisation has improved cash flow from trading and will enable additional investment in product upgrades.
In addition to reducing cost, the recent organisational changes will provide an improved framework for identifying and driving performance”
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For further information, please contact:
Universe Group PLC - Stephen McLeod, CEO or Bob Smeeton, CFO T: 02380 689 510
Allenby Capital Ltd - Brian Stockbridge or Dan Robinson T: 02033 285 656