Cashbox narrows losses
Cashbox (AIM:CBOX), the independent Automated Teller Machine ('ATM') installer and operator, announces its interim results for the six months ended 31 December 2007 (H1 07/08).
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Highlights
- Installed machines reach 1,820
- Transaction revenues increased by 5% over H2 and 15% over H1 06/07
- Gross profits increased and gross margin improved to 36%
- Losses measured by EBITDA, operating loss, loss for the period, and loss per share all improved
- Hanco litigation settled in October 2007 at a cost of £1.8m bringing the total settlement to £2.0m.
- New funding of £1.0m in December 2007
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