8 August 2017 – interim results
Results for the six months ended 30 June 2017 have been released. There was a 17% increase in revenue to £142.8m. Underlying profit before tax from continuing operations was £2.5m (2016: £2.3m) and underlying earnings per share were 4.80p versus 4.49p a year earlier. The interim dividend was increased from 0.5p per share to 0.6p. The forward order book was £392m, significantly higher than the level of £320m a year earlier. Overall we see no reason to change our BUY rating.