22 Oct 2009 09:56
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22Β October 2009
Baydonhill plc
("Baydonhill" or the "Company")
Trading update
Baydonhill (AIM: BHL), one of theΒ UK's leading foreign exchange specialists,Β is pleased toΒ provide the following trading update.
Trading update
The Company is pleased toΒ announce thatΒ in September 2009 it achieved breakeven for the month at the EBITDA level.Β This was achieved throughΒ continuedΒ revenue growthΒ in the Corporate DivisionΒ and the restructuring of costsΒ across theΒ business.
Β
Given the promising growthΒ potentialΒ of the Corporate Division combined with theΒ relatively stableΒ revenue stream from the Private Client Division, the Company is now better equipped to deliver revenue growth and make significant progress towardsΒ achieving consistent levels of profitability.
BaydonhillΒ expects to publish itsΒ half-yearlyΒ result for theΒ periodΒ to 30Β September 2009Β in DecemberΒ 2009.
Enquiries:Β
|
Baydonhill Plc Wayne Mitchell/Sarah Collis |
Tel: +44 (0) 207 594 0515 |
|
MerchantΒ John EastΒ SecuritiesΒ Limited Bidhi Bhoma/Simon ClementsΒ |
Tel: +44 (0) 207 628 2200 |
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