Drop in debt sends share prices up
Revenues for the six months to the end of June were up almost 15% to 193million euro, while earnings before interest and tax came at 4.1million euro, compared with a loss of 148,000 euro the previous six months.
However, the share price is well off the heady days of February 2000 when the shares hit 14 and even well behind the stock’s January 2002 year high price of 65 cents. Horizon’s debt now stands at just 3.4million euro.
