26 February 2015 – final results
Final results for the 17 months ended 31 December 2014 have been released. Comparison is somewhat clouded by the fact that this is a 17 month period versus 12 months previously and the results are also stated in dollars for the first time. Revenue for the 17 months ended 31 December 2014 was $82.5m, with revenue in the previous 12 months being $50.1m. On the same basis operating profit was $4.27m versus $3.21m and profit after tax for the 17 months was $4.54m versus $2.73m in the 12 month period beforehand. Diluted earnings per share rose from 36.3 cents to 60.5 cents and the 17 month dividend was 17p per share, up 9% on an annualised basis. We continue to believe that the shares offer GOOD VALUE.