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July 9, 1987

KODE SHAPES UP FOR STRONG RECOVERY

By CBR Staff Writer

Commenting on its improving figures for the first half of its current fiscal year (see alongside), Kode International Plc declares that the new Kode Computers Ltd combination of Kode Ltd, Kode Services Ltd and Comart Computer Services Ltd will be a major force in the UK computing field. It says that Kode Ltd achieved record sales at improved margins, and says that while Xitan Ltd showed a strong increase in sales in the first half, it continues to face margin pressure. On the other hand the desk-top publishing products launched by Graphic Displays Ltd last year are already profitable. The company says that its Kam Circuits Ltd circuit board business maintained firm progress, while Moore Reed Ltd, still faced with a difficult Defence market, nevertheless managed a small increase in sales over last year, while tight controls had reduced its effect on margins. All operating companies met or exceeded our expectations during the first half, and we look forward to continuing progress in the second half, the company concludes. All of which suggests that the company is shaping up nicely as a takeover target – and a predatory Micro Business Systems Plc is waiting in the wings for just such an opportunity.

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