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Ross Grp. Share News (RGP)
Share News for Ross Grp. (RGP)
| Share Price: 0.625 | Bid: 0.50 | Ask: 0.75 | Change: 0.00 (0.00%) |  | ||||||
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Ross Group H1 loss widens; sees improvement in 2007
Mon, 25th Sep 2006 10:41
LONDON (AFX) - Ross Group PLC reported widening losses for the first half but said it is hopef
Operating losses for the six months to June 30 2006 increased to 541,000 stg from 336,000, while pretax losses widened to 541,000 stg from 465,000, following a slow start to the year at the group's GEL Engineering subsidiary.
Revenues grew to 592,000 stg from 255,000.
'Whilst this result is extremely disappointing there are encouraging signs of a potential recovery which indicate that 2007 should see a much improved result,' said chairman A Ma.
The group said recent sales orders will not be sufficient to turn the half-year loss into a full-year profit, but the increased sales order book carried into 2007 should push the group back in to profit.
newsdesk@afxnews.com
ak
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) - Ross Group PLC reported widening losses for the first half but said it is hopef
ul of a much improved result in 2007.
Operating losses for the six months to June 30 2006 increased to 541,000 stg from 336,000, while pretax losses widened to 541,000 stg from 465,000, following a slow start to the year at the group's GEL Engineering subsidiary.
Revenues grew to 592,000 stg from 255,000.
'Whilst this result is extremely disappointing there are encouraging signs of a potential recovery which indicate that 2007 should see a much improved result,' said chairman A Ma.
The group said recent sales orders will not be sufficient to turn the half-year loss into a full-year profit, but the increased sales order book carried into 2007 should push the group back in to profit.
newsdesk@afxnews.com
ak
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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Ross Group FY pretax loss widens; researching new activities to increase profits
LONDON (Thomson Financial) - Ross Group Plc. said its pretax loss widened to 1.08 million pounds in the year to Dec. 31, 2007 from a loss of 915[29 Apr '08]
Ross Group says Gel Engineering unit placed into administration
LONDON (Thomson Financial) - Ross Group Plc. said its wholly-owned trading subsidiary, GEL Engineering Ltd., was placed into administration on W[24 Apr '08]
Ross Group H1 pretax loss narrows; sees profitable H2
LONDON (Thomson Financial) - Ross Group PLC reported a narrower first-half pretax loss on higher revenues, and said the second half will be prof[28 Sep '07]
Ross Group FY pretax loss narrows, recovers 230,000 stg from debtor
LONDON (Thomson Financial) - Ross Group PLC said its full year pretax loss narrowed in the year to Dec 31 2006 while revenue increased due to in[30 Apr '07]
Ross Group H1 loss widens; sees improvement in 2007
LONDON (AFX) - Ross Group PLC reported widening losses for the first half but said it is hopeful of a much improved result in 2007. Operatin[25 Sep '06]
Ross Group says Grande Holdings sells 29.4 pct stake
LONDON (AFX) - Ross Group PLC said The Grande Holdings Ltd has sold 40 mln shares, or 29.4 pct of capital and now holds 56,404,634 shares, or 41[11 Jul '06]
Ross Group unit gets repeat US order
LONDON (AFX) - Ross Group PLC said its GEL Engineering Ltd unit won an order from CAE USA Inc for a training simulator which is a repeat of an o[5 Jul '06]
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