Proventec: cleaning up!
Proventec, the provider of specialist steam cleaning and coatings technologies, issued interim results for the six months ended 30 September 2009. Much like Pure Wafer, the past few months have largely been all about cost cutting and survival!
Turnover of £8m was broadly at a similar level to the comparable period (2008: £8.2 m) with Gross profit maintained at £3.4 million. The loss before tax was £1m compared with a loss of £649,000 for the comparable period. The group raised £1.5m in the period through a placing of shares at a price of 50p (current 56p). During the period they acquired controlling stakes in Frank GmbH and CryoJet Industrial Services BV both of which appear to be performing well. Cryojet, the Group’s specialist, industrial cleaning service provider, utilising steam and proprietary dry-ice technology, has been working with a…