24/03/2000
The poor state of the UK's manufacturing industry badly affected full year results at ATA. The group, which provides employment solutions and training services to clients throughout the UK, saw pre-tax profits for the year fall to £0.72m (£1.09m) as turnover slipped to £6.64m (£6.68m). Its engineering technology business was the main culprit, as a slump in sales resulted in pre-tax profits falling by £464,000 (£762,600). The advertising selection business also witnessed a downturn, although the sales arm posted improved profits. This year should see a better performance from the group as economic conditions are slightly more favourable. The group is also likely to receive a fillip from the launch of a new website, ata-b2b.com, which chief executive Clive Chapman said would reduce costs and generate client revenue opportunities.
| Market cap: | £4.96m |
| PE Forecast: | 10.8 |
| Share price: | 76.5p |
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