25 November 2014 – final results
The company has produced another set of positive results for the year to 30 September. Revenues have risen by almost 19% to £16.4m (2013: £13.8m) with adjusted pre-tax profits coming in at £2.7m (2013: £2.2m). Diluted earnings per share on the same basis were 5% up at 4.4p (2013: 4.2p) and the dividend for the year was increased by 20% to 1.8p (2013: 1.5p). Strong growth was seen in the multi-channel retail business, helped by the acquisition of One iota, with ecommerce and mobile commerce showing double-digit growth and now accounting for 47% of the division’s revenue. Growth at the manufacturing business was slower although a modest increase in operating profit was achieved. Strong cash flow led to net cash at the year end of £6.16m (2013: £3.66m) and this provides firepower for further expansion. With further growth expected going forward the shares remain ATTRACTIVE.