GREY:SYTHF - Post by User
Post by
pointofreturnon Jan 16, 2012 8:29am
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Cost cutting boosts
Cost cutting boosts Cost cutting boosts Synchronica
By BFN News | 12:59 PM | Monday 16 January, 2012
Synchronica announced last that it expects to report full year revenues of approximately $23m for the year ended 31 December 2011. It has now revealed that, according to unaudited data from its internal management reports, the company was profitable at the EBITDA level for the months of November and December 2011, subsequent to the significant cost-reduction initiatives recently implemented. At 12:59pm: (LON:SYNC) share price was +1p at 13.25p Story provided by StockMarketWire.com