Vehicle security specialist and audio and multi-media equipment distributor Toad has increased first half pre-tax profits from a depressed £68,000 to £362,000 and says it is 'continuing to maintain our position' in a 'highly competitive' market, writes Robert Tyerman.
Vehicle security, audio and multimedia equipment distributor Toad managed to trim its first half losses from £50,000 to £25,000, but pre-interest profits fell by more than two-thirds to £500,000, hit by acquisition expenses, a strong dollar and other costs, writes James Crux.
On 18 September the Small Cap Index surrendered 40.4 points to finish at just 1,901.35, its lowest level since October 1998 – and a fall from 2,266.14 a year previously. The Small Cap plunge mirrored the FTSE's 4 per cent fall on the day to just 3,865.4 – its lowest level since the end of July – as buyers and sellers digested yet more grim news from across the pond.
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