25 August 2016 – interim results
A solid set of interim results has been released covering the first half of 2016. Profit before tax was up 48.6% to £20.8m and earnings per share grew even more to 11.9p versus 7.8p last year. The net asset value has risen to 171p per share, providing considerable support to the current share price. The interim dividend is 2.50p per share (2015: 2.30p). BUY.