8 December 2016 – final results
Results for the 18 months ended 30 September 2016 have been released. Underlying profit before tax was £5.6m, before adjustment for £0.5m of bank set-up costs. Profit before tax was £5.1m. Fully diluted earnings per share rose by 19% to 1.9p (2015: 1.6p). A final dividend of 0.1p per share means that the company returns to the dividend list. We rate the shares as a BUY.