The numbers for this company seem to go one way down and down. There is a trend of them buying companys and growing sales, in the year that has just finished this should have resulted in a sales growth of over 100m, not the 9m. Also note from there reports mid year profit before tax was 1.553m and now at the end of year it is .824m. great effort from there new CEO. That means that in the second half they lost 0.73m. At least they have a +ve net asset of 6.41m, well not really when you take into account that there goodwell is 17.8m this create a hole of -11.39m. Lets hope this trend starts to change.
SNR Price at posting:
3.8¢ Sentiment: None Disclosure: Held
