Norish announces profits, intention to switch to AIM

Storage company Norish has announced pre-tax profits of £300,000 (€435,500) for 2004, compared to pre-tax losses of £400,000 (€581,000) after exceptional items of £600,000 (€871,000) for last year.

The profit per share is 2.7p compared with a loss of 3.6p last year. Net debt at the year-end reduced by £700,000 9€1m) to £200,000 (€290,000).

Norish said today that it was to delist from the Irish Stock Exchange (ISE) and from the United Kingdom Listing Authority (UKLA) in favour of the Alternative Investment Market of the London Stock Exchange (AIM).