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12 December, 2006 - 14:40 By Staff Reporter

Artisan announces drop in profits

Huntingdon-based construction firm Artisan has announced a drop in first half profits and said it plans a share capital reorganisation to reduce costs.The firm's H1 pretax profits fell from £2.16m last year to £976k and turnover dropped from £16.3m in the same period last year to £15.8m.It also plans a reverse split of existing shares to lower costs associated with servicing large numbers of shares.

Its share price rose eight per cent to 3.5p.

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