18 July 2017 – final results
The company has released strong figures for the year ended 31 March 2017. Turnover from continuing operations was £45.6m (2016: £34.7m). Profit before tax from continuing operations of £2.4m (2016: £1.8m) and this gave basic earnings per share from continuing operations of 11.3p (2016: 7.9p). Cash generated from operations grew to £4.5m (2016: £3.7m) and the net cash position at the period end was £0.6m (2016: net bank debt of £2.5m). The final dividend has been lifted to 2.5p per share (2015: 2.0p) and there is also a special dividend of 1.5p per share (2016: nil). Overall these are very pleasing results and the shares remain a BUY despite their strong recent run, which now looks well justified.