Company News in Brief

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The Independent Online
GLASS Glover Group, the food distributor that was the subject of a controversial pounds 66m management buyout five years ago, is returning to the stock market next month.

The share placing is expected to value the company at about pounds 45m. It is partly aimed at cutting the group's pounds 35m debt burden which has led to substantial losses in the past four years. In the year to 28 September 1991, the latest results filed at Companies House, it incurred a pounds 1.35m taxable loss on sales of pounds 75m. Interest charges were more than pounds 6m.

CIA Group, the advertising firm, is to link up with Italian-based independent media specialist, Medianetwork, to form a European media network with combined billings of over pounds 600m.

Dumas Group reported a pre-tax profit of pounds 970,000 ( pounds 34,000) for the year to 31 January. There was a loss per share of 15.34p (EPS 0.34p). No dividend.

Electron House increased pre-tax profits to pounds 854,000 ( pounds 595,000) in the six months to 30 November. Earnings per share were 1.68p (1.03p) and the interim dividend is raised to 1.05p (1p).

Colorvision returned to profit with a pre-tax figure of pounds 153,000 ( pounds 545,000 loss) in the six months to 30 September. Earnings per share were 0.5p (LPS 1.7p) The interim dividend is 2.5p against 3.1p.

Peek, the multinational traffic and field data systems company, has sold its Computer Instruments Corporation to its US management for pounds 775,000.

WM Ransom & Son raised pre-tax profits to pounds 289,000 ( pounds 251,000) in the six months to September. Earnings per share were 1.24p (1.16p)and the interim dividend is held at 0.525p.

Beales Hunter reported a pre-tax profit of pounds 1.36m ( pounds 1.20m) in the six months to 30 November. Earnings per share were 10.4p (11.9p). The interim dividend is raised to 2.45p (2.30p).

RCO Holdings raised pre-tax profits to pounds 4.72m ( pounds 4.39m) in the year to 25 September. Earnings per share were 29.16p (27.14p). A final dividend of 9.24p makes 13.86 (12.60p).

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