2 August 2016 – final results
The group has issued final results for the year to 31 May reporting a decline in revenues to £13.6m (2015: £17.5m) with a loss before tax of £7.0m (12015: £11.0m). The last couple of years have been difficult for the group but the introduction of new products which are now in demand led to sales in the second half of the financial year being double those of the first half. This momentum has carried forward into the current financial year although it is still too early to be too optimistic about prospects due to the early stage of the group’s recovery. However, optimistic investors may like to have a flutter – SPECULATIVE BUY.