18 July 2017 – interim results
In the six months ended 31 May 2017 revenue rose from £32.1m to £33.7m and profit before tax jumped from £0.2m to £1.3m. Underlying diluted earnings per share were 6.2p versus 1.2p a year earlier. Net cash as at 31 May 2017 was £1.8m (31 May 2016: net debt £1.7 m) and an interim dividend of 1.0p (2016: nil) was declared. At £33.7m the order book has risen by 28% since the year end. We keep our BUY rating.