Ila Makes 6Mos Loss, Anticipates Significant Growth For Rest Of Year

Ila Group Limited (ILA.LN), the personal security alarms maker, Monday reported a loss in the six months ended June 30 but said it anticipates significant growth for the rest of the financial year.

MAIN FACTS:

-Group also announced a conditional placing of 117 million new ordinary shares at 1.2 pence per share, which will raise GBP1.4 million before expenses.

-Loss for the six month to June 30 before exceptional items was GBP598,752 (18 months to Dec 31, 2009: loss GBP247,205).

-Revenue GBP136,105 (18 months to Dec 31, 2009: GBP539,071).

-Post the period end, trading has been very encouraging, including new sales announced with Chapters Indigo in North America, and House of Fraser and Marks and Spencer in the U.K..

-Pipeline of potential demand from around the world is 'tremendously encouraging'.

-A number of new products are at various stages of development.

-Company will continue to aggressively target organic growth by increasing sales and expanding its product range, and will also consider growth by acquisition.

-Shares closed Friday at 1.80 pence valuing the company at GBP10.22 million

-By Jana Weigand, Dow Jones Newswires; 44-20-7842-9314; [e-mail]

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