Vindon profits up on safe storage demand - Vindon Healthcare news

Mar 21: Vindon profits up on safe storage demand

Vindon, which provides controlled storage for the pharmaceutical industry, posted a rise in pre-tax profit and said current trading was buoyant with strong demand for in-house storage. "Year to date trading is buoyant with strong demand for in-house storage. Current order books and enquiry levels indicate that steady growth should continue to be achieved in the coming year," said the group. Pre-tax profit for the year to December surged to 849,000 from 499,000 in 2005, which included only 10 months of trading. Turnover rose to 3.8m from 2.6m previously. Even on a pro-forma basis, turnover rose 702,000, which is 22.4%, reflecting increase in storage revenue with a number of new clients gained. Storage facilities increased by 250% taking them to 330 cubic metres distributed over 52 chambers. The group said it hopes to expand its operations by opening a site in Ireland in 2007.

LONDON (SHARECAST)
Posted by David Cummins in Vindon Healthcare Comments: (0) Trackbacks: (0)

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