18 August 2016 – interim results
The company has released a solid set of figures for the first half. Revenue was up 15% and profit before tax was also up 15% to £3.1m (2015: £2.7m), up 10% in constant currency. On an adjusted basis, profit was £3.7m (2015: £2.8m), up 30% on 2015. Diluted earnings per share in the period were 3.4p (2015: 3.2p) and on an adjusted basis the growth was 26% to 4.3p (2015: 3.4p). There is no interim dividend. The share price has rallied in recent weeks but still doesn’t look toppy. Continue to BUY.