Posted 08/03/13 15:21
Norish plc results for the year ended 31st December 2012 as follows:
- Turnover increased to £14.9m compared with £11.2m for 2011.
- Turnover from Townview Foods Limited accounted for £3.2m in the period 5 October 2012 to 31 December 2012.
- Turnover from the warehousing division (being the segments ambient storage and cold storage) increased to £11.7m from £11.2m in 2011.
- Pre-tax losses of £55,000 (after writing off acquisition costs of £317,000 compared to pre-tax profits of £406,000 for 2011).
- Net assets increased from £8m to £8.1m compared with 2011.
- Net debt increased to £8m from £6.8m mainly due to the acquisition of Townview Foods Limited.
- Earnings per share decreased to (0.8)p from 4.3p mainly due to the acquisition costs.
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