H1 June 2016 results demonstrated good progress in the execution of the turnaround strategy away from retail to Corporate Wellness. Pretax losses nearly halved to £1.64m helped largely by a significant reduction of the permanent cost base and an improved gross margin up from circa 53% to 58% reflecting the different customer mix. So whilst total revenues were down from £991k to £729k B2B sales, now the company’s focus, were up 52% to £562k. The £9.6m period
05 Oct 2016
Losses slashed. New revenue streams performing. Balance sheet transformed
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Losses slashed. New revenue streams performing. Balance sheet transformed
Bidstack Group Plc (BIDS:LON) | 0.2 0 0.0% | Mkt Cap: 2.93m
- Published:
05 Oct 2016 -
Author:
Derren Nathan -
Pages:
6
H1 June 2016 results demonstrated good progress in the execution of the turnaround strategy away from retail to Corporate Wellness. Pretax losses nearly halved to £1.64m helped largely by a significant reduction of the permanent cost base and an improved gross margin up from circa 53% to 58% reflecting the different customer mix. So whilst total revenues were down from £991k to £729k B2B sales, now the company’s focus, were up 52% to £562k. The £9.6m period