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Cresco International

Companies: CSI   
23/05/2000

The Israeli investment and incubation business has suffered a rough 1999 as one of its three investee companies had a poor year. ITL Product Testing, which test medical gadgets produced by Truphatek, another of the Cresco companies, saw turnover drop by 10% in the year thanks to a decline in the Israeli export market. The other two companies both had quiet years, although aquarium products distributor AquaTech managed to improve sales after a slow start to the year. In the year to 31 December 1999, turnover dropped from $8.86m to $8.40m while the loss after tax rose from $390,000 to $909,000.

Market cap: £4.11m
PE Forecast: n/a
PE Historic: n/a
Share price: 78.5p

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22/04/1999

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