13 June 2018 – final results
The group has released its final results for the year to 31 March, revealing another year of growth. Revenues have increased by almost 9% to £978m (2017: £899m) with adjusted pre-tax profits rising by 32% to £59.6m (2017: £45.1m). Earnings per share on the same basis were 19.2p and the dividend for the year was raised to 6.7p. Net debt at the year end was £279m. These results were slightly better than expected and the news that the CEO is to retire and be replaced by the CFO has gone down well. Further progress is expected in the current financial year and the shares continue to look ATTRACTIVE.