Alesco Corporation (ASX:ALS) is small cap stock that is involved in the marketing and distribution of industrial products to the building and renovations, construction and mining, scientific and testing and automotive industries.
ALS distributes products such as cabinets and panelling, earthmoving and truck tires, garage door openers and laboratory testing equipment.
Alesco Corp today released their 1H FY12 results which showed a first half net profit of $7.2 million, in line with the market guidance provided in August 2011.
The company also reported an EBIT down 40% to $15.3 million, which included a trading loss on Parbury of $4.7 million
CEO Mr Peter Boyd said that given the market condition and earnings levels, each business generated solid cash flows and has solid growth opportunities for the future.
Alesco also announced a fully franked dividend of $0.03 per share up from $0.015 in the previous corresponding period.