Entatech Returns to Profit

UK distributor, owned by display industry veteran, Dave Stevinson, has reported an operating profit of £339K ($430K) for the year ending 29th February, compared to a loss of £1.5 million ($1.9m) in the previous year, although turnover dropped from £117.6m ($149m) to £103.2m ($131m). However, there was an overall loss for the year because of a settlement with UK tax authorities, which meant an overall loss of £1.1m ($1.4m).

Analyst Comment

Entatech said in its report that it sees opportunities for specialists as the big distributors continue to increase their share. (BR)