26 November 2018 – final results
Sanderson has released results ahead of expectations, with confidence that further progress can be made. In the year ended 30 September 2018 revenue increased by 49% to £32.05m (2017: £21.56m) and like-for-like revenue was £22.97m (2017: £21.56m). Pre-contracted recurring revenues were £17.61m (2017: £11.18m), representing 55% of total revenue (2017: 52%). Operating profit was £5.18m (2017: £3.90m) and the cash balance at 30 September was £6.47m (2017: £6.18m), with net cash just over £3m. Adjusted basic earnings per share increased from 6.4p to 7.9p. The final dividend was 1.75p per share, taking the total for the year to 3.00p. Last year the final and total dividends were 1.55p and 2.65p per share respectively. The shares remain a BUY.