Energis’s bosses Archie Norman and John Pluthero are still trying to turn around the telecoms and internet company. Its sales were £745m for the year to March 2004, but, more important, operating profits came to £125m, a welcome result after losses totalling £824m in the past two years. It has obtained big contracts from, among others, Dixons, Tesco, Centrica and GSi, the government’s new secure intranet. The company delisted from the stock market in July 2002 when it was acquired by Chelys, a firm set up by Energis’s banks to prevent its collapse.
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