11 September 2018 – interim results
Interim results covering the six months to 30 June 2018 have been released. There was an impressive 19% increase in revenue to £6.12m (2017: £5.16m) This led to a 66% increase in profit before tax to £2.87m (2017: £1.73m) and 19% increase in adjusted profit before tax to £2.43m (2017: £2.05m). The performance reflects the impact of the addition of Brook Financial Services, which was acquired in July 2017, and the franchising out of two corporate offices since December 2017. Basic earnings per share increased by 68% to 6.9p (2017: 4.1p) and adjusted diluted earnings per share were 5.3p (2017: 4.8p). The interim dividend was held at 3.4p per share. The shares are a BUY.