Cobra returns to profit
Cobra Holdings has reported a pre-tax profit of £392,000 for the year ended 31 March 2010, compared to a loss of £23,000 the previous year.
Total revenues increased to £22.67m (2009: £22.30m), adjusted EBITDA rose to £3.18m (2009: £2.32m).
In a joint statement, Steve Burrows (pictured), chief executive, and Peter Robinson, chairman, said: "Market conditions continue to be challenging, but our results illustrate that, following the reductions in expenditure achieved over the past 24 months and the continual improvements in the synergies of previously purchased companies, Cobra has achieved growth in overall profits and EBITDA against
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