LonZim Holdings falls into the red in FY2010

LonZim Holdings revenue soars 88% - financial highlights for the 12 months ended 31-Aug-2010:

• Revenue: GBP4.9 million, +88.0% year-on-year;
  • Aviation: GBP901,000, +34.3%;
• Cost of sales: GBP2.7 million, +73.9%;
• Operating costs: GBP8.3 million, +324.2%;
• Operating profit (loss) before financing income: (GBP6.1 million), compared with a loss of GBP924,000 in p-c-p;
  • Aviation: (GBP112,000), compared with a profit of GBP51,000 in p-c-p;
• Profit (loss) before tax: (GBP5.7 million), compared with a profit of GBP1.1 million in p-c-p;
• Net profit (loss): (GBP4.4 million), compared with a profit of GBP1.1 million in p-c-p;
• Total assets: GBP36.2 million, -3.2%;
  • Aviation: GBP5.1 million, +20.9%;
• Cash and cash equivalents: GBP291,000, -88.0%;
• Total liabilities: GBP4.3 million, +9.4%;
  • Aviation: GBP644,000, +53.7%;
• Net operating cash (out)flow: (GBP4.1 million), compared with a negative cash outflow of GBP3.5 million in p-c-p. [more]