Small caps round-up: Staffline, Physiomics, Lonrho
Posted on:
10
Aug
2012
by Georgia Manors
Staffline Group, a recruitment organisation focused on the food processing, manufacturing, e-retail and logistics sectors, has acquired certain assets from DKM Driving, which specialises in the provision of temporary drivers to a number of corporate customers in the Midlands area. The acquisition is part of Staffline’s strategy of making selective acquisitions to broaden its revenue streams. No further information was given.
Physiomics, an Oxford-based systems biology company, has signed a new fee-for-service agreement with a major pharmaceutical company. Under the deal, Physiomics will determine the optimal dosing and timing of a combination of two compounds currently under development by the customer. ‘If successful, we hope that this first project will lead to the implementation of our technology across several future projects with this customer,’ the company said.
Lonrho, a sub-Sahara focused investment company, has posted a rise in first half revenue from £68.6m to £122.9m, with a gross margin of 25.6%. Net assets at the period end were £209.8m, compared to £155.7m at the end of December 31st 2011. Net debt fell by 23% from £102.7m to £78.7m over the same period. Pre-tax profit for the six months came in at £23.5m compared to a loss of £3.3m for the six month period to March 31st the previous year. The firm described the period as ‘very successful’ saying it is in ‘a solid position to continue to deliver on its core businesses’.
NR
Tags: corporate customers | investment company | lonrho | march 31st | net assets | pharmaceutical company | revenue streams | small caps | staffline | systems biology
