2 March 2017 – AGM statement
The company has issued a trading statement at its AGM and this has revealed that trading in the new financial year has been solid, continuing the momentum built up over the last few years. In the four months to 31 January, revenues were 8% ahead of the same period in the previous year. The group has also seen an increase in its order book from the previous year’s high level and this bodes well going forward. Pre-tax profits for the year to 30 September are likely to rise to £3.6m for earnings per share of 5.6p. Although the shares have performed well in recent months they remain attractive to long term investors. LONG TERM BUY.