15 February 2017 – interim results
Interim results covering the six months to 30 November 2016 have been released. Given significant changes in the business reported figures can be misleading and on the whole the results were reassuring. Revenue was down slightly at £170.9m and the underlying diluted earnings per share figure was positive at 0.3p. Net Debt at 30 November 2016 was £36.9m and this figure will be no more than £10m at the year end. An interim dividend of 2.7p per share will be paid, up from 1.7p last year, demonstrating faith in the business. BUY.