12 December 2016 – interim results
Results for the six months to 31 October 2016 have been released. Revenue was up to £50.0m (2015: £49.7m) and adjusted operating profit up 11% at £3.9m (2015: £3.5m). Adjusted earnings per share were 16% lower at 5.99p (2015: 7.11p). The closing order book was £129.6m (30 April 2016: £116.0m). Net funds of £9.9m were down on the year end, as expected (31 October 2015: £11.4m; 30 April 2016: £19.8m). The interim dividend was increased by 16% to 2.2p per share (2015: 1.9p). BUY.