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June 19, 1997updated 05 Sep 2016 12:54pm

COMINO BEATS FORECASTS, STILL SEARCHING FOR ACQUISITIONS

By CBR Staff Writer

Comino Plc, the specialist software application group based in Maidenhead, Berkshire has comfortably beaten original profit forecasts with its first set of preliminary results since the company was floated on the Alternative Investment Market in April (CI No 3,143). Revenue for the year to March 31 was 7.8m pounds with net profits coming in ahead of original estimates at 998,000 pounds. Comino was formed by Azlan Plc executive Michael Brooke from three established software companies each operating in a distinct niche market. The reason given for the floatation, back in April, was to help expand the group quickly through acquisition. According to Brooke, they’re still looking. The combined interim and final dividend paid on April 6 was 2.25 pence per share.

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