StockMarketWire.com - First half pre-tax profits at Ceps plc - which acquires majority stakes in stable, profitable and steadily growing entrepreneurial companies - fell to £285,000 from £486,000 a year ago.
Revenues for the six months to the end of June fell 7.8% to £7.5m with the Davies Odell business in particular feeling the brunt of sharp de-stocking by its customers after a better than expected finish to 2008.
In spite of group costs having been carefully restrained, operating profit has fallen overall by 38% to £376,000.
Story provided by Business Financial Newswire
Shares Magazine
Shares is the leading weekly publication for retail investors. It is packed with investment ideas, news and educational material to help build and run portfolios and get more from your money.
Investor Events
Shares puts on free Investor Events throughout the year across the country. They provide an opportunity for investors to learn more about companies on the stock market and hear from a range of investment experts including fund managers and Shares journalists.