Excellent assets, in profit & cash flow31 Jan 2020 09:34
When we need resources close t home u will see the potential value of this business .. here is a reminder of what 2019 achieved and going forward t a great 2020
Parkmead delivers major growth in cash flow and operating profit
Revenue increased by 18% to £8.3 million (2018: £7.0 million)
Strong cash flow from operations, up 59% to £4.7 million (2018: £3.0 million)
Gross profit for the period of £5.7 million (2018: £4.1 million), an increase of 41%
Operating profit climbed to £5.1 million (2018: £5.3 million loss)
Total asset base grew to £82.3 million at 30 June 2019 (2018: £78.9 million)
Well capitalised, with cash balances of £30.7 million (US$39.0 million) as at 30 June 2019
Low-cost Netherlands gas production provides excellent cash flow to Parkmead