LONDON (SHARECAST) - Nationwide Accident Repair Services said revenue fell 12.9 per cent to 80.7m pounds, primarily due to site closures in 2011.
On a like-for-like basis revenue fell 4.7%, hit by poor LFL insurance revenue but boosted by strong LFL growth in fleet revenue. The gross profit margin increased from 35.5% to 36.3%. Underlying profit before tax was down to £2.8m (2011: £3.5m), while statutory profit before tax of £2.1m (2011: £3.0m). Net cash at June 30th increased to £8.0m (2011: £7.3m).
Motive Television, a digital television technology, software and services provider, suffered a decline in revenue in the first half of 2012 on the back of the difficult economic environment for its broadingcasting clients. As such, turnover forthe period fell to £0.49m from £1.09m the same period the previous year. Gross profit from continuing operations fell to £0.12m from £0.39m the same half the previous year. Loss per share from continuing activities came in at 0.05p (H1 2011: 0.12p) after losses attributable to continuing activities reduced by 18% to £1.39m (H1 2011: £1.7m).
WANdisco, a California-based collaboration software developer with operations in Sheffield, posted a 53% rise in revenue for the six months ended June 30th, from $1.91m to $2.92m, with cash bookings up 57% from $2.16m to $3.39m year-on-year. However the loss for period totalled $3.64m compared to $1.2m the same period the previous year, hit by increased operating expenses. Net cash soared to $22.0m from $0.12m a year earlier.