News

Small caps round-up: Interior Services, Hallin Marine, Trafficmaster

11 March 2008 09:10:00

Construction services firm Interior Services reported a 43% jump in half-year pre-tax profit to £5.8m and said demand for its services remains strong.

"We continue to see opportunities for further growth across a number of our sectors, and the group remains on target to achieve further progress this year," said chief executive David Lawther.

The interim dividend increased by 21% to 4.00p.

Satnav supplier Trafficmaster reported lower revenues and pre-tax profits in 2007 but said it views the current financial year with confidence.

Pre-tax profit fell to £4.92m in the year ended 31 December from £5.83m last time on revenues of £48.4m down from £52.8m last year.

Hallin Marine, subsea solutions provider for the oil industry, saw turnover increase 67% to $64.8m with pre-tax profits surging to £10m from £3.8m before.

"Despite forecasts of a slowdown in the US and European economies demand for oil & gas continues to increase world-wide," it said.

The group said looking ahead the biggest percentage increases are expected to come in the Asia and Australia regions.

It maintained its dividend of 1p per share.

Shares in China Shoto were in demand after the Chinese producer of industrial batteries and power supply systems said full year results are expected to beat market forecasts.

Vehicle tracking company Trakm8 has been awarded £354,000 grant funding by the Technology Strategy Board, formerly part of the Department of Trade & Industry, to be an Industry Partner in the Future Intelligent Transport Systems - Freeflow Project.

Power plant developer IPSA said it has made progress towards meeting the challenge of installing and commissioning fast track gas turbine capacity in South Africa.

It saw the commissioning and first commercial revenues from the first gas-fired independent power plant in South Africa in the year. Revenues for the year came in at £37,000 compared to nil last year with losses rising to £2.8m from £1m previously.

Zenergy Power, which develops applications for superconductive materials, said it received the second commercial order for its HTS induction heater.

All data suppied by Digital Look (15 minute delay)




Risk Warning

There is an extra risk of losing money when shares are bought in some smaller companies including 'Penny Shares'. There is a big difference between the buying price and the selling price of these shares. If they have to be sold immediately, you may get back much less than you paid for them or you may have difficulty in selling them. Past performance is not a reliable indicator of future results. The price may change quickly and it may go down as well as up. You could lose every penny put into a particular share.

The information contained above has been compiled from documented sources which are believed to be reliable but, due to their very nature, are subject to a degree of historical inaccuracy and have not been independently verified and cannot be guaranteed. The pages on this website are provided for information only. City Equities Limited will not accept responsibility for loss incurred by any person or body acting, or refraining from acting, as a result of information and/or opinions given anywhere on this website. Issued by City Equities Limited, Aldermary House, 10-15 Queen Street, London, EC4N 1TY. Registered in England. Registered No. 2742847. Registered Address: Amwell House, 19 Amwell Street, Hoddeson, Herts. EN11 8TS. City Equities Limited is Authorised and regulated by the Financial Services Authority. Registration No. 155051.