They are out30 Nov 2009 08:23
Date:
30 November 2009
On behalf of:
SDI Group plc ('SDI Group' or 'the Group')
Embargoed until:
0700hrs
SDI Group plc
Interim Results for the six months ended 30 September 2009
SDI Group plc (AIM: SDIG.L), which designs, builds and supports integrated materials handling solutions for international retail, wholesale, fulfilment and e-commerce distribution operations, announces its interim results for the six months ended 30 September 2009.
Financial highlights
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Revenue for the six months ended 30 September 2009* of £23.1m (six months ended 31 May 2008*: £23.0m) This compares to approximately £15.3m revenue related to the retained European operations
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Profit before tax of £0.3m (Six months ended 31 May 2008 *: Loss of £2.7m). This compares to a loss of approximately £1.1m in the retained European operations. The improved results of the European operations reflect the streamlining of costs to reflect business requirements and increases in revenue.
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Cash and cash equivalents at period end £3.9m* (31 May 2008*: £4.4m)
Operational highlights
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Revenue increases in both contract and maintenance business
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Contract wins with Decathlon, TK Maxx, Jack Wills and Wolverine
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Encouraging levels of enquiries
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Continuing cost cutting measures across the Group
Commenting on the results, Ma