LONDON Acal plc has seen a stabilization of orders received and an improvement in gross margins in the electronics division in the quarter to the end of June.
The company says it expect a this to lead to a stabilisation in revenues after the summer period.
Since the acquisition of Service Source Europe in January, and despite similar revenue pressures, Acal's supply chain division has made significant progress; losses on a major contract have been eliminated and back office systems have been integrated with significant cost reductions being realised.
Whilst the performance for the first half year will reflect the difficult market conditions, Acal expects to see improvements in performance in the second half as cost reductions and business improvements take effect.
On 22 May 2009, the company completed the disposal of a vacant property in Leicester for £1.18 million which will result in an exceptional profit of £250,000.
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