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Xavier posts record interim results

So it's smiles all round then? Not quite

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Record results from all three of its operating divisions have catapulted the half-year pre-tax profits of Xavier Computer Group to £723,000 -- an increase of more than 44 per cent on last year. Interim results published today revealed that Xavier, Bleasdale and CSL all performed ahead of budget reporting record results for both turnover and operating profit. While Xavier and Bleasdale posted operating profits of 16 per cent and 38 per cent respectively, but the star performer was Jersey-based CSL which managed a mammoth 62 per cent jump. With order books for the second half of the year apparently healthy, it seems that Xavier's executive chairman Nicholas Barham has plenty to smile about. Despite the bullish report the directors are not recommending paying an interim dividend. ®

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