LONDON (Thomson Financial) - Imagelinx Plc. swung to a first-half profit,
boosted by a pension-related exceptional gain and also as the acquisition of
Brandmark Digital helped boost sales 16 percent.
For the six months to June 30, 2008, the company reported an operating
profit -- before the 4.5 million pounds exceptional gain -- of 28,000 pounds
compared to a loss of 706,000 pounds a year earlier. Pretax profit came in at
4.55 million pounds compared with a loss of 717,000 pounds. Revenue rose to 4.40
million from 3.80 million pounds.
The exceptional gain was the result of the pensions regulator granting
clearance for Imagelinx to enter its dormant subsidiary holding the 'Crabtree
Pension Scheme' into creditors voluntary liquidation.
Imagelinx reiterated it is expecting the outcome of "major tenders which may
have a beneficial impact on our revenue going forwards".
TFN.newsdesk@thomson.com
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