UK/USA - SEOS Limited has recently reported its financial results for the twelve months ending 30 June 2003. Despite the continuing general uncertainty in the global economy and continued turbulence in the airline industry, SEOS experienced an improvement in overall performance. Revenues were ahead of expectations at £23.4 million and gross margins improved by 2%. Retained earnings for the year were £0.5 million, after absorbing an exceptional exchange loss of £0.6 million.

Darren Cosshall, financial director, SEOS, said: "Continued emphasis was placed during the past year on improving gross margins, reducing operating costs and increasing profitability. Significant efforts were also made to improve liquidity and working capital. Considerable progress was made in the period and due to the actions already taken we feel well placed for another strong performance in fiscal 2003/4."

(Sarah Rushton-Read)


Latest Issue. . .

Save
Cookies user preferences
We use cookies to ensure you to get the best experience on our website. If you decline the use of cookies, this website may not function as expected.
Accept all
Decline all
Analytics
Tools used to analyze the data to measure the effectiveness of a website and to understand how it works.
Google Analytics
Accept
Decline
Advertisement
If you accept, the ads on the page will be adapted to your preferences.
Google Ad
Accept
Decline