15 May 2019 – interim results
Interim results covering the six months ended 31 March 2019 have been released, revealing a strong first half for Sanderson. Both divisions delivered impressive performance, with double-digit growth in revenue and operating profit from Digital Retail and Enterprise. Revenue overall was up 18% at £17.17m and operating profit up 34% at £2.79m under the new IFRS 15 accounting standard. Net cash of £3.29m as at 31 March was ahead of management expectations and the balance sheet remains in good shape. This has allowed the interim dividend to be increased by 20% to 1.50p per share. The shares remain a BUY although the price has had a good run of late.