15 May 2019 – interim results

In the six months ended 31 March 2019 revenue was £14.29m versus £14.24m a year earlier.  Underlying EBITDA increased 29% to £1.35m and underlying profit before tax rose 26% to £1.30m, translating into underlying earnings per share on the same basis of 8.69p.  The interim dividend was held at 1.75p per share.  Net cash was £3.84m at the period end (2018: £2.74m).  We continue to believe that the shares are GOOD VALUE.