13th Jul 2016 11:24
LONDON (Alliance News) - Ashley House PLC said Chairman Christopher Lyons bought shares as the company said its revenue more than doubled in its financial year ended April 30, and it swung to profit.
Lyons bought 43,000 shares at 8.50 pence each on Wednesday, which takes his holding to 269,500 shares, or a 0.46% stake.
Ashley House, which provides design and construction management services to health and social care development projects, posted pretax profit of GBP241,000 for its financial year, compared to the GBP11.9 million loss it recorded a year earlier. This came as the company's profit more than doubled to GBP20.7 million, from GBP8.4 million, and the deprecation and impairment charge declined to GBP7.6 million from GBP1.5 million.
The stock was up 7.7% at 8.07p Wednesday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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