5 September 2017 – interim results
Revenue for the first half of the year, ended 30 June 2017, was 13% higher at £27.4m (2016: £24.3m). Normalised profit before tax grew by 13.6% to £1.8m (2016: £1.6m). Statutory reported profit before tax of £2.0m was up 185% (2016: £0.7m). Basic normalised earnings per share from continuing operations were 4.3p (2016: 3.7p). On a statutory basis, earnings per share from continuing operations were 4.6p (2016: 1.7p). The interim dividend was increased from 0.95p per share to 1.00p. On balance we retain our BUY rating.