Blancco Campaign

Blancco Campaign Update #3

Campaign members will be aware that Blancco has published its Report and Accounts for year ending June 2019. They show an improved performance and positive cash flow. As ever, the accounts are complex, with significant adjustments. The bottom line is only positive owing to “post tax profit from discontinued operations”. Goodwill and other intangible assets exceed the book value of shareholders’ equity. Having said that, the new CEO and new CFO seem to have got a grip and boosted revenues. Post ...