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Electronics Production | March 07, 2012

Stadium Group increases profit

Stadium Group, the AIM listed provider of electronic design and build solutions, has announced preliminary results for the year ended 31 December 2011.
Financial headlines

- Revenues unchanged at £44.94m (2010: £44.81m)
- Profit before taxation up by 38% to £3.96m (2010: £2.87m)
- Normalised profit before tax (after one-off, predominantly pension related items) of £2.64m (2010: £2.91m)
- Strong balance sheet net cash of £2.94m (2010: £1.67m)

Outlook

Commenting on the 2012 outlook, Chairman Nick Brayshaw OBE said:

“While the weakness in demand experienced towards the end of 2011 has continued into the start of 2012, there has been a good deal of success in converting opportunities into new business wins. In addition, the focus on operational improvement in areas such as overheads, purchasing and factory efficiencies has yielded significant benefits which will be realised during the remainder of the year. Consequently the Board remains confident about the overall group performance for 2012.”

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