20th Jul 2005 06:00
20 July 2005 themutual.net plc Trading Update themutual.net announces that it has sold its residual interest in QXL Ricardoplc and therefore will be reporting an exceptional profit item of ‚£439,000before tax in its results for the six months to 31st October 2005.Including the sale proceeds, cash at bank now stands at over ‚£2.2 million.Mark Smith, CEO, said, "With trading for the first two months of the year inline with expectations and our strong cashflow, we are in a strong position togrow the business organically as well as through acquisition opportunities thatmay arise."Enquiries:themutual.net plc 020 7440 9310Mark Smith, CEOPeter Coveney, Finance DirectorENDthemutual.net PLCRelated Shares:
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