come on IPS 9p needed10 Feb 2012 10:46
.Hybridan's Small Cap Wrap
By Hybridan | Mon, 30/01/2012 - 00:00
This article is an edited extract from a non-independent research note issued by Hybridan.
The demand-led technology commercialisation business released interim results, in which it announced a move into profitability, with profits of £28,000 (2010: loss of £230,000), largely as a result of an increase in the valuation of two of its portfolio companies, Biocroi and IPSol Energy.
Cost savings were also achieved, with a 58% reduction in property costs to £15,000 from a move to a new office, helping the company to position itself with sufficient working capital going into the third quarter of the calendar year.
IPSO continues to consider a range of opportunities with the potential to increase shareholder value, which positively reflects the company's improving position.