14 June 2017 – final results
Results for the year to 31 March 2017 have been released. Revenue rose by 15% to £271.2m (2016: £235.9m). Underlying profit before tax rose by 12.3% to £22.9m (2016: £20.4m) and underlying diluted earnings per share were static at 27.8p. The full year dividend was increased from 6.6p per share to 7.2p. Net debt was cut from £32.5m to £23.2m. These results outline an eighth consecutive year of growth and we continue to rate the shares as a BUY.