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Centurion Electronics - Halfords increase store presence

January 2004

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Results for the year to 30 September have only  begun to show the potential for OEM business with car manufacturers. Turnover was up 51% to £6.2m. Pretax profit before exceptionals was up 134% to £1.02m and earnings were 3.6p. Cash at the period end reduced to £768,000 as a result of commencing OEM sales where Centurion is financing the working capital itself rather than using factoring. Centurion continued to make progress on both sides of its business; Plug & Play in-car multimedia kit sold through retailers and the OEM professional fit end sold through motor manufacturers.The OEM side accounted for 30 per cent of sales by the year end whilst aftermarket sales to retailers was 70 per cent.  ...

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