30 November 2015 – interim results
The group has announced its interim results for the six months to 30 September and these show pleasing progress. Revenue has increased by 8% over the same period in the previous year to £6.15m (2014: £5.69m) with adjusted pre-tax profits being pretty flat at £0.52m (2014: £0.56m). Adjusted earnings per share rose 23% to 0.6p (2014: 0.5p) due to a tax credit for the period. The new chief operating officer Colin King is leading a review of the business and is putting together a three to five year business plan to capitalise on the opportunities that he sees in the business. The group ended the period with cash of £1.6m and looks set to make further progress. The shares remain a LONG TERM BUY.