Lilliput hints at acquisition

Click to follow
The Independent Online
LILLIPUT, the maker of ornamental miniature cottages, hinted yesterday that it was close to an acquisition, as it kept the profits promise made when it came to the stock market in November. The group, which had forecast pre-tax profits of not less than pounds 3m, made pounds 3.1m in 1993.

The profit was up 53 per cent on 1992, on turnover that rose 21 per cent to pounds 16.5m. John Russell, chairman and chief executive, said: 'We're very pleased with the result. In a business like ours . . . seeing is believing. We've delivered what we promised'.

Lilliput shares went to a discount of 10p against the offer price of 135p on the first day of dealings. They have since recovered and yesterday closed 1p lower on the day at 134p.

Comments