15 September 2015 – interim results
In the six months to 30 June, the document management and office relocations group has reported strong growth with revenues increasing by 43% to £43.9m (2014: £30.6m) with adjusted pre-tax profits rising by 42% to £7.1m (2014: £5.0m). Earnings per share on the same basis were 31% higher at 6.8p (2014: 5.2p) and the interim dividend was raised by 25% to 1.0p (2014: 0.8p). These results benefited from strong organic growth as well as the acquisition of the Cintas business last year. The group is well placed to continue its expansion through both organic growth and acquisition and with the second half having started well we maintain our recommendation of BUY.