6 October 2015 – final results
Results for the year ended 31 July 2015 showed revenue up 5% to £344.6m. Underlying profit before tax was £33.0m (2014: £29.9m) and this translated into underlying earnings per share of 20.32p (2014: 18.70p). Although net debt moved up from £42.7m to £62.8m the final dividend of 5.55p per share takes the total for the year to 7.80p (2014: 7.15p). On balance we continue to rate the shares as a BUY.