4 July 2017 – final results
Results for the year to 1 April 2017 have been released. Revenues increased by 4% to £47.0m (2016: £45.3m). Underlying profit before tax was £2.12m (2016: £1.48m), an increase of 43%. Underlying earnings per share were 2.15p (2016: 1.69p), up 27%. Perhaps even more importantly, overall orders are up 42% on the same time last year. Although the shares are up on our recent tip they remain good value. Continue to BUY.