StockMarketWire.com - Shaft Sinkers Holdings anticipates that results before exceptional items for the year ended 31 December 2011 will be ahead of market expectations.
Unaudited group revenue has grown by some 20% from £183 million in 2010 to approximately £220 million in 2011 despite a slightly weaker exchange rate. However, in constant currency terms, revenue has grown by approximately 23%.
Exceptional items are expected to comprise a charge of £3.8 million for the IPO bonus as disclosed in the Prospectus, the second half of which was paid in early 2012.
The Group ended 2011 with net cash of approximately £6.0 million after deduction of interest bearing debt of around £16.4 million.
At 8:49am: (LON:SHFT) share price was +6.75p at 55p
Story provided by StockMarketWire.com
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