Corporate News

Andrews Sykes New Charlton Depot Officially Opened

The opening of the new Charlton depot last week proved to be a major success as guests of honour, Judo Olympic Silver medallist Gemma Gibbons and Charlton Football Manager Chris Powell, officially opened the depot.

Customers who attended the opening as well as local media, watched as Managing Director Paul Wood, Gemma Gibbons and Chris Powell cut the ribbon to officially open the new Charlton depot. Staff and guests then watched in delight as Gemma showcased her Silver Olympic medal answering questions as Chris Powell signed football shirts for members of staff and customers.

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Successful Half- Year results for Andrews Sykes Group plc

Profits have grown for Andrews Sykes Group plc after a successful half year and the outlook for the rest of the year remain reasonable within the company. Revenue, for the first half of the year, has seen an increase of 3.1% compared with last year’s figure of £27.7 million bringing the figure to £28.6 million this year. Andrews Sykes has also continued to generate strong cash flows as net funds have seen an increase of £2.2 million from December 2011.

Despite a busy first year with the relocation to larger premises in Peninsular Park Way, London, the group’s normalised operating profit has also increased by 8.7% from £5.9 million to £6.4 million. Andrews Sykes remained conscious to maintain the operational structure of the business throughout the relocation and successfully ensured that business was not damaged by unnecessary cuts in expenditure. The relocation was also effectively completed within financial budgets and timescales during the first half of 2012.

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Another Successful Year For Andrews Sykes

Andrews Sykes Group is pleased to announce their financial results for the year 2009, which has proved to be another successful year. Annual Reports & Financial Statements have been distributed to shareholders and full details can be viewed on our Investor relation’s page.

Despite the worldwide economic downturn, we can report that the group achieved a normalised operating profit* of £12.9 million for 2009 which is £5 million lower than 2008. It should be remembered that last year was a record for our group and the current year’s performance is broadly comparable with the results achieved in 2007 during positive yearly economic growth. To download our 2009 Annual Report & Accounts, visit our Investor Relations page  here.

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