Allanfield posts loss in first results since listing
Allanfield Group has reported a loss of £476,412 for 2011, compared with profit of £508,244 for the previous year.
The group reported revenue of £2.28m for 2011, a 51% increase on the £1.51m revenue reported in 2010.
The company also reported a 20% increase in EBITDA, from £0.7m in 2010 to £0.9m last year.
Gary Field, chief executive at the real estate insurance broker, said: “We are very pleased with these results, which are the first since we went public.”
The group was admitted to AIM in August 2011, and Mr Field claimed that listing had raised the profile of the business.
However, he said it was the
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