06/10/2000
On the day interim results were released, financial director Christopher Leigh was at the Company Investor show in London trying to raise Bulgin's profile to potential investors. The company is at the moment in the throes of an acquisition-based strategy intended to increase the proportion, currently at 40%, of group turnover generated by its potentially higher margin and faster-growing Power Electronics and Electronic Component divisions. The former of these recorded a loss in the first half, but is predicted to break into profits for the second half on the back of a 'healthy' order book worth about £4m on 31 July. Electronic Components meanwhile registered an impressive 176% increase in sales compared with the same period last year. The 'safer' Electromechanical Components division felt the benefits of continuing increases in production capacity, increasing turnover by 12%. Overall results showed a 9% increase in turnover for the interim period to £8.3m, producing pre-tax profits of £448,000, up 11%.
| Market cap: | £8.5m |
| PE Average: | 17 |
| PE Forecast: | n/a |
| PE Historic: | 15 |
| Share price: | 18.8p |
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| 27/09/2002 |
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