AssetCo plc, (AIM : ASTO) a leading support services group to the UK Fire and Rescue Authorities, is pleased to announce its results for the year ended 31 March 2008.
KEY POINTS
Financial
- Revenue reduced to £68.8m reflecting exit from non core activities
- Profit before taxation increased by 118% to £9.4m (2007: £4.3m)
- Basic EPS increased by 152% to 11.1p (2007 : 4.4p)
- Maiden dividend declared - 1p per share
Business
Tim Wightman, Chairman, commented:
"AssetCo has developed a reputation for operational excellence, long-term capability and sustainable managed service solutions. With the creation of our Emergency Resources team we have sought to establish a leading presence in a sector of the emergency services market where the majority of expenditure takes place. I am confident that our strategy of creating a more stable and secure supply chain for our core market will bring benefits to both our customers and shareholders alike."
For more information please contact:
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AssetCo plc
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Tel: +44 (0) 20 8515 3999
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John Shannon
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Frank Flynn
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Buchanan Communications
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Tel: +44 (0) 20 7466 5000
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Tim Anderson
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Isabel Podda
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Hoare Govett Limited - Nomad
Stephen Bowler
John MacGowan
Richard Crichton
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Tel: +44 (0) 20 7678 8000
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Kaupthing Singer & Friedlander Capital Markets Ltd
Nicholas How
Marc Young
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