5 December 2018 – interim results
The group has announced its interim results for the six months to 30 September revealing that revenues were similar to the previous year at £11.4m (2017: £11.4m). with adjusted pre-tax profits rising to £553k (2017: £370k). Earnings per share on the same basis rose to 1.52p (2017: 1.00p) although again there was no interim dividend. Net debt at the period end had reduced to £3.29m (2017: £3.47m). The group has made good progress during the period with the focus on margins paying off as shown by the increase in profits on same again turnover but the group has cautioned that it has started to see some slowing down in its end markets. As a result it expects revenues in the second half to be similar to those just reported with pre-tax profits for the full year to be in line with expectations. Andrew Moss, the non-executive chairman, has purchased 100,000 shares at 19.5p to take his holding to 550,000 shares. After the recent fall in the share price we believe the shares