GoIndustry to Expand
Published March 12th, 2007
GoIndustry PLC said it expects its full-year results to exceed market estimates due to an exceptional gain from the UK final salary pension scheme.
The AIM-listed industrial machinery and equipment auctioneer said it has placed 40 mln new shares at 17 pence each, and the proceeds will be used to organically expand the business.
It added that it will increase its investment in the US and intends to open offices in Italy and France, ‘which are significant centres of industrial production, with few barriers to entry and fragmented competition’.
It also said it will develop its website significantly in 2007, as this is the ‘key enabler’ of revenue growth for the company.
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