21 March 2017 – final results
Final results for the year to 31 December 2016 have been released. Total revenue increased by 25% to £76.0m. Profit before taxation excluding exceptional items increased 16% to £7.0m. Basic earnings per share decreased 5% to 4.42p. A dividend of 1.0p per share (2016: 0.65p) was declared, payable in June. We continue to believe that the shares are undervalued given the nature of the business and maintain our STRONG BUY rating.