Northgate Share News (NTG)

Indian films distributor Eros International has filed a prospectus for the proposed flotation of Eros International Media Limited in relation to the proposed flotation on the National Stock Exchange of India and the Bombay Stock Exchange. The offer will open on 17 September and be closed four days later on 21 September. The plan is raise around $75m at a share price yet to be decided. A 25% stake is likely to be sold so Eros would retain a stake worth around $225m. Drugs distributor China Medical Systems has posted an information pack on the Hong Kong Stock Exchange website prior to its switch from AIM, which was agreed by shareholders on 23 July. Trading in Hong Kong should start on 28 September. CMS forecasts that its 2010 profit will be not less than $30m. Infection and contamination control products supplier Tristel says that its figures for the year to June 2010 are in line with expectations and it has started selling in Germany from its office in Berlin. The full year figures will be published on 18 October. Insurance broker Cobra Holdings reported a small increase in revenues to £22.7m in the year to March 2010. Pre-amortisation profit improved from £572,000 to £1.05m. Net debt is £7.4m. Cobra initially grew by acquisition but the main focus is currently organic growth. Athens-based dry bulk vessels operator Globus Maritime has reported a sharp decline in net revenues from $24.5m to $10.8m in the first half of 2010. That was partly down to the reduction in number of vessels from seven to five. A reduction in costs meant that Global managed to report a pre-tax profit of $1.09m. A dividend of 7.3p a share has been announced. Recruiter Empresaria swung strongly back in to the black in the six months to June, as revenues rose by 20%. Profit before tax bounced back to £2.3m (loss of £1.6m) on sales of £108m, up from £90m. "Trading continues to be strong into the third quarter with full year results expected to be ahead of current market expectations," Empresaria added.Sinclair Pharma's losses climbed to £18.4m in the year to June, from £4m, though the pharma says it was consistently profitable in H2 for the first time. The operating loss before exceptional items was £3.7m (2009: £0.3m).Leather goods specialist Pittards lifted first half profits from £324,000 to £937,000 as revenues rose to £16.6m (2009: £12.6m). The relative weakness of sterling and a recovery from the global recession helped sales pick up. Group sales to customers outside the UK made up 92% of revenue (2009: 89%).Car and van hirer Northgate's trading is in line with management plans despite macroeconomic conditions continuing to adversely affect the group's markets. In Spain utilisation rates averaged in excess of 90% for the four months to 31 August 2010, a 4% improvement on the 86% average achieved for the same period last year. UK utilisation rose 1% to an average rate of 92% for the four months to the end of August.