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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Bbi Hldgs | LSE:BBI | London | Ordinary Share | GB00B00M4S16 | ORD 2.5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 185.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:3375D BBI Holdings PLC 05 September 2007 For release 05 September 2007 BBI HOLDINGS PLC AGM STATEMENT BBI Holdings Plc ('BBI'), the AIM listed developer and manufacturer of rapid result diagnostic tests and reagents for the diagnostic industry, held its Annual General Meeting today at its offices in Cardiff at 11am. All resolutions were duly passed. Following the formal proceedings of the AGM, David Evans, Chairman of BBI, made the following statement: "In July I was pleased to be able to report that 2007 had been another successful year for BBI, during which turnover increased 53.2% to #9.73m and pre tax profit rose 86% to #1.83m. This was achieved through continued organic growth combined with our strategic acquisitions. Regarding current trading: "I am pleased to announce that turnover for the five month period to 31 August 2007 has grown significantly and this is in line with management expectations. Turnover for the period is up 107% on last year. This increase is largely due to the acquisition of Theratase in May 2007, but has also come from a 13.2% increase in like for like sales. The acquisition of Theratase has made BBI one of the world's leading reagent and test suppliers. "The actions and initiatives your Board has put in place are expected to result in further improvements in organic growth in the second half of the year, and the Board of BBI looks forward to continued progress through the remainder of the current financial year." ENDS For further information please contact: BBI Holdings plc Parkgreen Communications Ltd Julian Baines, Managing Director Ben Knowles Tel: 029 2074 7232 Tel: 020 7851 7480 Mob. 07900 346 978 www.bbigold.com Email: ben.knowles@parkgreenmedia.com Background notes: About BBI Holdings PLC (AIM: BBI): BBI is a leading supplier of products and services to the global diagnostic and healthcare industries. BBI floated on AIM on 28 April 2004 at 47p. BBI operates in three core areas: 1. BBInternational (diagnostics) Incorporating: British Biocell, Cardiff, UK BBI Dundee (formerly Alchemy Laboratories), Dundee, UK BBI Research, Madison, Wisconsin, USA Qnostics, Glasgow, UK BBI manufactures superior quality gold reagents which are used to bind with specific antibodies or antigens, which are used in diagnostic tests to provide a positive or negative visual signal. BBI also provides contract product development services for leading diagnostic companies using its expertise to develop rapid result diagnostic tests. BBI also manufactures rapid result diagnostic tests in the UK and the US. Rapid test manufacture involves placing conjugate onto a pad or strip and enclosing this within a preformed plastic package 'housing' designed to the customer's specifications. BBI's Qnostics division supplies molecular quality control reagents to the global market place. www.bbigold.com 2. BBI Enzymes Incorporating: Biozyme, Blaenavon, UK Seravac, Cape Town, S Africa. Theratase was acquired by BBI in May 2007 to form BBI's enzyme division. Biozyme and Seravac are leading manufacturers and suppliers of high quality specialist natural enzymes to the medical diagnostics industry. Enzymes are proteins which drive complex reactions that occur in all living organisms. Their high specificity and dramatic catalytic activity has been exploited within the diagnostic industry. www.biozyme.com www.seravac.com 3. BBI Healthcare (diabetes) Brands: GlucoGel SensoCard Plus GlucoTabs In April 2004 BBI acquired Hypostop (now renamed GlucoGel in the UK). GlucoGel is an easy to use dextrose gel which is included in the National Institute for Clinical Excellence's (NICE) treatment guideline for hypoglycaemia. BBI Healthcare was founded in April 2006 to manage the sales and marketing of GlucoGel, and build a diabetes care product portfolio. In July 2006 BBI acquired the UK's only talking blood glucose meter for the visually impaired called SensoCard Plus. The acquisition gives BBI exclusive distribution rights for within the UK, US, Canada and India. www.bbihealthcare.com This information is provided by RNS The company news service from the London Stock Exchange END AGMEAFNSEAPXEFE
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