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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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3 Nov 2009 12:16

Small cap round-up: Provexis, Puricore, Sirius, Sopheon, Spiritel

Food technology group Provexis says it has been told that the European Commission review into the health claim wording for its Fruitflow anti-thrombatic technology for use on consumer products is now in "an advanced stage". Puricore's third quarter sales rose 25% to $10.8m, with the nine month tot

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25 Aug 2009 16:32

London close: Footsie rally continues

After an afternoon of see-sawing between the red and the blue, Footsie finished in positive territory and above the 4,900 point mark, continuing its rally. State-owned lender Royal Bank of Scotland finished with good gains after it said it will cut the level of benefits received by members of its

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25 Aug 2009 15:11

London afternoon: US data encourages Footsie

A strong start on Wall Street is keeping London in the blue, just, with investors welcoming a bigger than expected jump in US consumer confidence. The leading index remains on course for a sixth consecutive day of gains after state-owned lender Royal Bank of Scotland said it will cut the level of b

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25 Aug 2009 13:14

TechMARK movers: Results lift Visonic

Security alarms specialist Visonic gained as it reported a 33% increase in pre-tax profit to $5.7m in the six month ended June. 'This improved performance was achieved mainly as a result of a variety of efficiency improvement measures taken by management while continuing to focus on R&D and Sales a

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25 Aug 2009 11:54

London midday: Footsie still in the red

Despite threatening to move back into positive territory an hour ago, the Footsie has slid further back down into the red. Miners are still heavily weak with seven out of the top ten losers so far from the sector. Kazakhmys, Xstrata, Antofagasta, Eurasian Natural Resources, Rio Tinto, BHP Billiton

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25 Aug 2009 08:53

Small caps round-up: Chime, Gulf Keystone, RTS...

Chime Communications, the leading marketing services group, said it posted its highest ever first half pre-tax profit. Profit before tax rose 4% to £8.5m on turnover that rose to £137m from £115m before. 'Having delivered the highest profit in our history we have outperformed the market and our co

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5 Aug 2009 16:15

TechMark movers: Puricore buys Labcaire

Disinfectant system developer Puricore acquired Labcaire Systems, a supplier and manufacturer of endoscope disinfection equipment, for an upfront payment of $3.6m and a further $1m to be paid in instalments. The group also said it saw sales fall 2% to $19.1m in the six months to June 30 as a rise

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5 Aug 2009 12:36

Small caps round-up: ServicePower, Arc International, Puricore...

Field engineer software specialist ServicePower said it recently received an expression of interest from a potential suitor, which was below the price it would recommend the offer. "The expression of interest was at a value deemed below that at which the Board would consider recommending to share

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