RE: Strontium (STTM)28 Oct 2010 13:56
[STTM] These final numbers come as no surprise to the well informed !
HIGHLIGHTS:
* Strontium remains profitable, debt free and cash generative.
* Like-for-like revenues on continuing operations increased by 37% to £
2,369,178 (30 June 2009: £1,729,588).
* Like-for-like profit on continuing ordinary activities before taxation
increased by 437% to £198,461 (30 June 2009: £36,957).
* Like-for-like total earnings per share on continuing operations increased
by 429% to 1.48 pence (30 June 2009: 0.28 pence).
* Cash in bank increased by 126% to £657,755 (30 June 2009: £291,025).
* The Australian subsidiary, The Learning Eye International PTY Limited, was
sold to local management on 30 June 2010 for a net gain of £84,444 to the
Group, resulting in an overall profit from this discontinued activity of £
63,491.
* In September 2010 the Company launched The Learning Eye (Switzerland) AG,
based in Zurich, to support the Company's growing business in Europe.