Ila Makes 6Mos Loss, Anticipates Significant Growth For Rest Of Year
December 06 2010 - 3:27AM
Dow Jones News
Ila Group Limited (ILA.LN), the personal security alarms maker,
Monday reported a loss in the six months ended June 30 but said it
anticipates significant growth for the rest of the financial
year.
MAIN FACTS:
-Group also announced a conditional placing of 117 million new
ordinary shares at 1.2 pence per share, which will raise GBP1.4
million before expenses.
-Loss for the six month to June 30 before exceptional items was
GBP598,752 (18 months to Dec 31, 2009: loss GBP247,205).
-Revenue GBP136,105 (18 months to Dec 31, 2009: GBP539,071).
-Post the period end, trading has been very encouraging,
including new sales announced with Chapters Indigo in North
America, and House of Fraser and Marks and Spencer in the U.K..
-Pipeline of potential demand from around the world is
'tremendously encouraging'.
-A number of new products are at various stages of
development.
-Company will continue to aggressively target organic growth by
increasing sales and expanding its product range, and will also
consider growth by acquisition.
-Shares closed Friday at 1.80 pence valuing the company at
GBP10.22 million
-By Jana Weigand, Dow Jones Newswires; 44-20-7842-9314;
jana.weigand@dowjones.com
Order free Annual Report for Marks and Spencer PLC
Visit http://djnweurope.ar.wilink.com/?ticker=GB0031274896 or
call +44 (0)208 391 6028
Ila Group (LSE:ILA)
Historical Stock Chart
From Sep 2024 to Oct 2024
Ila Group (LSE:ILA)
Historical Stock Chart
From Oct 2023 to Oct 2024