17 October 2016 – trading update
In the six months to 30 September, the group has seen an 11% increase in revenues to £6.83m over the same period in 2015, although in constant currency terms the increase was a more modest 3%. The group has benefited from the weakness in sterling over the period and pre-tax profits are expected to be in line with expectations. This is a pleasing performance and the company is well placed to make further progress. We re-iterate our recommendation of LONG TERM BUY.