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Overheads hurt profits at Bioquell

Tue, 15th Mar 2011 15:41

Despite a slow start in 2010 for bio-decontamination technology group Bioquell, revenues grew 1%, but higher overheads resulted in a 44% fall in profits.Revenue for the year ended 31 December grew to £39.4m, from £39.2m, while total orders increased 24% from £36.2m to £44.8m.The first half saw a significant slowdown in activity from the life sciences sector, due to large pharmaceutical groups cutting their cost bases in Western Europe and North America, the group said. However, the second half saw a strong recovery in both the life sciences and defence sectors.Pre-tax profit fell from £5.9m in 2009 to £3.3m, as a result of a poor first half and a 21% increase in operating expenses, due to the expansion of operations in the US and the Asia Pacific region and higher investment in sales and marketing. Pre-tax profit in the first six months of the year totalled just £0.5m.Basic earnings per share almost halved from 10.3p to 5.8p."After a challenging first half of the year, it was extremely encouraging to see activity picking up across all of the group's activities in the second half - and we have gone into 2011 with good momentum," said chairman Nigel Keen.The final dividend grew 8% to 2.62p, from 2.42p.
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30 Nov 2018 07:59

Bioquell Agrees GBP141 Million Merger With US Firm Ecolab

LONDON (Alliance News) - Decontamination solutions provider Bioquell PLC said Friday it has agreed to a GBP140.5 million merger offer from Ecolab US 2 Inc, a unit of US-based water, hygiene and a

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30 Nov 2018 07:38

LONDON MARKET PRE-OPEN: Ecolab To Acquire Bioquell For GBP141 Million

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24 Jul 2018 10:41

Bioquell Half-Year Profit Surges After Sale Of Non-Core Business

LONDON (Alliance News) - Bio decontamination solutions provider Bioquell PLC said Tuesday that its profit for the first half of 2018 increased 41%, as it disposed of its non-core defence were 8.4%

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25 May 2018 12:28

Bioquell Sells Non-Core MDH Defence Unit For Up To GBP1.0 Million

LONDON (Alliance News) - Bioquell PLC on Friday said it sold its MDH Defence business for an initial consideration of GBP400,000.The pharmaceutical company said it can get a further payment

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Bioquell Trading In Line As Progress Continues Despite Currency Drag

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Bioquell Profit Jumps As It Moves Focus Onto Core Operating Division

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Bioquell lifts H1 profit, restructures management

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