Excellent turnaround IMO 2 Apr 2012 08:11
In comparison to 2010, in 2011 we achieved the following excellent results:-
· a 101% increase in revenue from £1,206,000 to £2,424,023
· a 152% increase in gross profit from £468,000 to £1,179,282
· a 10% improvement in gross profit percentage from 39% to 49%
· a 37% reduction in distribution and administration expenses as a proportion of revenues
· a 57% reduction in our loss before tax from £713,000 to £306,199
· a 74% reduction in loss per share (basic and fully diluted)
· Net assets of the Group as at 31 December 2011 amounted to £1,160,938 (2010 - £1,297,581)