30 June 2015 – final results
Results for the year ended 31 March 2015 were in line with expectations. Revenue jumped by 21.9% to £39.6m. Profit before tax edged up from £3.6m to £3.7m but earnings per share fell from 11.1p to 10.8p. The final dividend is 2.67p, taking the total for the year to 4.0p (2014: 3.0p). The shares look cheap based on fundamentals and we keep our BUY rating.