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Puricore Q4 revenue up 39%

Wed, 01st Feb 2012 07:40

Green cleaning company Puricore said revenue in the fourth quarter increased 39% to $14.3m as it moved into EBITDA profitability during the period. The firm, which makes water-based clean technology to kill contagious pathogens, in a range of markets including endoscopy, food retail, floral, laboratory clean air and wound care, said it had ended the year in a strong position across all three business. Shares in the group surged in December after it announced new order wins with a US supermarket chain, valued at $2.3m and with the Greater Glasgow Health Board.Chairman Chris Wightman said, "We achieved EBITDA profitability for the business as a whole in the fourth quarter and reported a profit in each of our business divisions.""The board remains confident in the ongoing profitability of each division and in PuriCore collectively in 2012 but continues to maintain a prudent approach to costs in a business that is highly dependent upon NHS spending in the UK, and the strength of consumer spending in the US," he added.Across its divisions, supermarket retail revenue increased 148% to $7.3m in the final quarter. Endoscopy revenue decreased 5% to $6.8m while wound care revenue increased 81% to $0.2m. Puricore saw positive cash flow from operations.Looking ahead the group said it believes the current business mix will deliver both robust growth and significant cash generation."We will continue to make progress on promising new business opportunities in each division as well as in new market segments."
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19 Dec 2011 10:57

Puricore rises on new orders

Puricore, the "green cleaning" company, has seen its share price rise 9% this morning on the back of two order wins. The first, with a top-five US supermarket chain, is valued at $2.3m. The second, with the Greater Glasgow Health Board, is worth £484,000. Puricore developes and sells systems to "k

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23 Aug 2011 13:57

NHS cuts leave their mark on Puricore

Green cleaning technology developer PuriCore fell to a 52-week low on the back of disappointing interim results that were affected by spending cutbacks in the National Health Service (NHS). Revenue in the first half of 2011 was slightly down from $19m last year to $18.75m, which was compounded b

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16 Mar 2011 12:15

TechMARK movers: Negative Imagination

Investors' reacted negatively to today's trading statement from chips supplier Imagination Technologies. Imagination continues to see growing demand for its graphics chip technology, though its Digital Audio Broadcasting division, PURE, is finding things a bit tougher. There are also concerns abou

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15 Mar 2011 18:46

Puricore agrees $17m sale of endoscopy division

Green cleaning technology developer Puricore says that it has agreed heads of terms with a potential buyer of its endoscopy division. The deal is worth $17m and contracts are expected to be signed in the second quarter. The sale is subject to negotiation and due diligence. The UK-focused endos

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2 Feb 2011 13:43

Puricore edges up revenue

Green cleaning technology developer Puricore says that its sales rose 1% to $40.6m in 2010 according to a trading statement released this afternoon after the share price jumped in the morning. The fourth quarter revenue was flat at $10.4m with a continued downturn in food safety being offset by gr

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2 Feb 2011 12:58

TechMARK movers: Puricore bounces off bottom

Puricore has bounced back after the share price hit its lowest level for two years. The endoscope cleaning and food safety business has yet to publish a trading statement for 2010. Last year, it published a 2009 trading statement on the 20 January. The third quarter interim management statement wa

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8 Nov 2010 12:30

TechMARK movers: Sinclair's 47% growth

Sinclair Pharma's revenues grew 47% on a constant currency basis and this has provided a boost for the shares and taken them above the 28p a share placing price earlier this year. Like-for-like revenues, excluding acquisitions and disposals, grew 9%. Flammazine, a cream to prevent infections in b

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8 Nov 2010 12:11

Small caps round-up: Carr's Milling, PuriCore, Noventa...

Carr's Milling Industries has seen its pre-tax profit for the year increase 27.4% to £9m, from £7m in 2009. The food and engineering group announced strong trading in most divisions with diluted earnings per share also rising to 64.1p at 28 August from 50.3p previously. Net debt decreased by 19.7%

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9 Aug 2010 14:05

US retail woes hit PuriCore

Germ killing technology developer PuriCore saw sales dip in the first six months of 2010 but said this was expected due to the macro economic challenges in the supermarket sector. Sales in the first half dipped to $18.9m, down 0.8% - or 1.4% at constant currency - from $19.1m in the first six month

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1 Jul 2010 13:11

TechMARK movers: New grant for Oxford Biomedica

Gene therapies developer Oxford Biomedica is higher following an R&D presentation for investors. It is also part of a collaborative research project that will receive a £255,000 grant from the UK Motor Neurone Disease Association for the further evaluation of MoNuDin® for the treatment of amyotrophi

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16 Jun 2010 07:36

PuriCore Appoints Chris Wightman Executive Chairman

LONDON (Dow Jones)--PuriCore PLC (PURI.LN), a water-based clean technology company, said Wednesday that it appointed Chris Wightman as Executive Chairman. MAIN FACTS: -Wightman, based in the U.K., will assume responsibility for the company's long-term strategy and investor relations. -T

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30 Apr 2010 09:12

Puricore shares suspended , shareholder talks continue

Puricore's shares have been suspended following a delay in the publication of the life science group's full year results. The group said it has been in talks with its major shareholders in relation to a number of strategic initiatives and therefore will not be in a position to publish its annual

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20 Jan 2010 13:10

Small caps round-up: ING Real, Intellego, Oxford Intruments...

ING UK Real Estate Income Trust will repay £15m of debt through the purchase and cancellation of loan notes at a discount to nominal value in two separate transactions. The transaction will result in a one off gain to NAV expected to be in the order of £680,000, and will also save over £719,000 per

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3 Nov 2009 15:08

TechMARK movers: Disposal dividend boosts Microgen

Software company Microgen is selling its non-core billing services division to Swiss Post for £7.5m before expenses. Shareholders are required to agree to this disposal. A special dividend of 4p a share is proposed while Microgen will retain the rest of the cash. The division is profitable but Mic

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