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Bailey(c.h) Share News (BLEY)
Share News for Bailey(c.h) (BLEY)
| Share Price: 196.50 | Bid: 193.00 | Ask: 200.00 | Change: 0.00 (0.00%) |  | ||||||
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CH Bailey FY loss widens but encouraged by current levels of trading
Fri, 22nd Sep 2006 08:00
LONDON (AFX) - CH Bailey PLC reported a pretax loss of 1.4 mln stg for the year to March 31 20
Although disappointed with the financial results, chairman Charles H Bailey said he is encouraged by underlying trends and forecasts for 2006/7 show further improvements, which he believes can and will be achieved.
Bailey said he is continuing to focus on margins and overheads, following the diversification, repositioning and restructuring of the group with the aim of returning the group to profitability.
In the year under review, trading in the UK at Modular Automation International Ltd was profitable and Bailey said there are encouraging signs for the future. Bay Travel Ltd also increased its profits and both Midway Precision Ltd and Specialist Heavy Engineers Ltd turned losses into near breakeven positions.
However, P&D Electrical Services Ltd unfortunately had further losses, which have impacted on the performance of the UK trading position.
Overseas, although turnover has decreased at the hotel in Malta profits increased as a result of improved controls. And Bailey said that after The Maltese Government finally released the 'North Harbour Local Plan' (NHLP), which is the master development plan for the local area, discussions with planners have been progressing.
The group has also met with third parties, who have shown an interest in either financing any development or entering into a joint venture.
Bailey also said that in Tanzania, Beho Beho, the safari camp in the Selous Game Reserve has exceeded all forecasts in revenue and occupancy and this year looks to better last year.
newsdesk@afxnews.com
slm
COPYRIGHT
Copyright AFX News Limited 2005. All rights reserved.
The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
LONDON (AFX) - CH Bailey PLC reported a pretax loss of 1.4 mln stg for the year to March 31 20
06, widening from a loss of 867,279 stg the prior year on turnover from continuing operations for 11.3 mln stg, up from 6.6 mln.
Although disappointed with the financial results, chairman Charles H Bailey said he is encouraged by underlying trends and forecasts for 2006/7 show further improvements, which he believes can and will be achieved.
Bailey said he is continuing to focus on margins and overheads, following the diversification, repositioning and restructuring of the group with the aim of returning the group to profitability.
In the year under review, trading in the UK at Modular Automation International Ltd was profitable and Bailey said there are encouraging signs for the future. Bay Travel Ltd also increased its profits and both Midway Precision Ltd and Specialist Heavy Engineers Ltd turned losses into near breakeven positions.
However, P&D Electrical Services Ltd unfortunately had further losses, which have impacted on the performance of the UK trading position.
Overseas, although turnover has decreased at the hotel in Malta profits increased as a result of improved controls. And Bailey said that after The Maltese Government finally released the 'North Harbour Local Plan' (NHLP), which is the master development plan for the local area, discussions with planners have been progressing.
The group has also met with third parties, who have shown an interest in either financing any development or entering into a joint venture.
Bailey also said that in Tanzania, Beho Beho, the safari camp in the Selous Game Reserve has exceeded all forecasts in revenue and occupancy and this year looks to better last year.
newsdesk@afxnews.com
slm
COPYRIGHT
Copyright AFX News Limited 2005. All rights reserved.
The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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CH Bailey to close Midway Precision engineering business
LONDON (Thomson Financial) - C H Bailey Plc. said it will close its Midway Precision engineering business, effective by mid-October 2008 as the[3 Oct '08]
CH Bailey says sells Bellavista hotel or 4.19 mln euros
LONDON (Thomson Financial) - C H Bailey Plc. said it sold its hotel in Malta -- Bellavista -- to La Perla Hotels and Lifetime Ltd. for 4.19 mill[1 Oct '08]
CH Bailey's FY loss widens; confident of weathering storm in current turmoil
LONDON (Thomson Financial) - C H Bailey Plc. reported a wider full-year loss and said, due to the severe downturn in world trade over the last 1[17 Sep '08]
C H Bailey says Modular unit's growth to be maximised with strategic partner
LONDON (Thomson Financial) - C H Bailey Plc. said the engineering and leisure company has concluded following a review the growth of its 79 perc[1 Jul '08]
CH Bailey H1 pretax loss widens, says looking to reduce costs to improve margins
LONDON (Thomson Financial) - CH Bailey PLC reported a wider first-half pretax loss but said there are encouraging signs within the group, and it[21 Dec '07]
CH Bailey FY pretax loss narrows; says confident of current yr
LONDON (Thomson Financial) - Engineering and leisure company CH Bailey PLC narrowed its full-year pretax loss on higher income from investment a[27 Sep '07]
CH Bailey says will merge P&D Electrical with ACA Interiors
LONDON (Thomson Financial) - CH Bailey said it is set to merge its P&D Electrical unit with the facilities management and mechanical services bu[12 Apr '07]
CH Bailey says further cost cuts needed as H1 pretax loss widens on forex losses
LONDON (AFX) - Engineering and leisure company CH Bailey PLC said it needs to make further reductions in its central and other operating costs a[21 Dec '06]
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