17 September 2014 – second interim results
The group has announced its results for the 12 months to 31 July, ahead of the change to the new year end of 31 December. These have revealed a 16% increase in revenue to £37.2m and a 17% increase in pre-tax profits to £2.45m. Earnings per share rose 39% to 32.5p helped by a lower tax charge and a second interim dividend of 6p was declared, an increase of 9%. These are clearly good results and have built on the solid first half performance and with net cash of £2.4m at the period end the group is set for further growth. The outlook for the markets in which the group operates is also encouraging and we believe the shares remain GOOD VALUE.