Designcapital Turns To Profit In FY11 - InvestingChannel

Designcapital Turns To Profit In FY11

designcapital plc (DESC.L) announced its audited consolidated results for the year to 31 December 2011.

Profit for the year was 3.71 million pounds, compared to a loss of 5.08 million pounds in the previous year. On a per share basis, net income for the year was 5.35 pence, compared to a loss of 8.12 pence in the prior year.

Loss before Tax widened to 1.12 million pounds from 1.04 million pounds in the prior year.

Revenue for the year rose to 40,666 pounds from 633 pounds last year.

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by RTT Staff Writer

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