19 November 2018 – interim results
Interim results for the six months ended 29 September 2018 confirmed ongoing progress. Revenue was up 2% to US$32.8m (2018: US$32.2m). Underlying operating profit was up 20% to US$1.98m (2018: US$1.64m) and Underlying pre-tax profit was up 36% to US$1.46m (2018: US$1.07m), translating into diluted earnings per share of 1.02c after special items, down from 2.26c a year earlier. Exluding special items, diluted earnings per share were up from 1.02c to 1.24c. An interim dividend was reintroduced, with a payment of 0.25p per share declared. The shares continue to look good value and we have a BUY rating.