1 July 2015 – final results

Results for the year to 31 March 2015 showed revenue up to £43.8m from £41.7m in the previous year.  Profit before tax was £3.68m (2014: £2.47m) and underlying profit before tax £2.01m (2014: £1.97m).  This translated into earnings per share of 2.66p (2014: 2.19p) and underlying earnings per share of 2.09p (2014: 1.90p).  This is a solid business which is underrated in our opinion.  BUY.