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UK smallcap opening - Tribal Group up as profit rises, debt falls
Thu, 18th Oct 2007 08:33
LONDON (Thomson Financial) - Educational services company Tribal Group rose 4-1/4 pence to 151-1/4 pence after it said revenue and profits for the six months to September would be well ahead of last year, and in line with expectations.
The company said that following the sale of Mercury Health in April, its net debt has reduced considerably and stood at 7 mln stg as at Sept 30.
Cash flow and capital expenditure have been in line with budget, it said, adding it is undertaking a review of the group's core competencies, competitive strengths and growth opportunities.
brian.gorman@thomson.com
btg/ak
COPYRIGHT
Copyright Thomson Financial News Limited 2007. All rights reserved.
The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
The company said that following the sale of Mercury Health in April, its net debt has reduced considerably and stood at 7 mln stg as at Sept 30.
Cash flow and capital expenditure have been in line with budget, it said, adding it is undertaking a review of the group's core competencies, competitive strengths and growth opportunities.
brian.gorman@thomson.com
btg/ak
COPYRIGHT
Copyright Thomson Financial News Limited 2007. All rights reserved.
The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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