3 September 2015 – final results
In the year to 30 June, group revenue rose by 26% to £248.7m (2014: £197.4m) with adjusted pre-tax profit increasing by 91% to £22.7m (2014: £11.9m). Earnings per share on the same basis were 12.4% higher at 8.40p (2014: 7.47p) and the normal dividend for the year was raised by 20.4% to 8.25p (2014: 6.85p). Net cash at the year end was £39.7m (2014: £41.6m). These are clearly excellent results and demonstrate that the company continues to make progress with sufficient funds available to fund future growth. The acquisition of FMG announced last month is expected to take 3 months to complete as the deal needs regulatory approval and the acquisition is expected to be immediately earnings enhancing and cash generative. The new financial year has started well with trading ahead of both last year and management expectations and the shares remain ATTRACTIVE.