A SIGNIFICANT increase in sales and improved gross margins lifted Filofax Group in the six months to September 30 1992. Turnover rose to Pounds 6.18m (Pounds 4.81m) and pre-tax profit to Pounds 950,000 (Pounds 274,000).
Last year, the 69-year-old Filofax PLC slipped into the red for the first time.
What's more, Filofax now faces competition from scores of cheap imitators, as well as new pocket electronic organizers from the likes of Sharp Electronics Corp.
Yesterday its share price was trading at 206p, off this year's all time high of 228p but up 10 fold in four years. Filofax, he says, 'remains alert to further acquisitions'.
The Filofax is becoming rather passe. Computer companies make great play of the machines' ability to store massed, structured data.
The Filofax, or personal organiser, was a possible answer to this dilemma.