Reflex sustains profit recovery

THE Reflex Group yesterday announced that its return to operating profitability last year had been sustained during the first six months of 1996.

It is expected that the first Hands On Internet Cafe will be opened in Britain in October, the chairman, Mr Tony Kilduff, announced.

The six months to June 30th show the company achieved profits before tax of £190,000, after charging £40,000 of development costs for the new Internet Cafe venture. The results compare with a profit of £179,000 for the same period last year.

The profit for the six months represents earnings of 60p per share, in comparison with earnings per share for the six months ended June 30th, 1995, of 5p.

Earnings per share in 1995 were adversely affected by a goodwill write-off.