10 May 2017 – final results
The company has released final results for the year to 28 February which have revealed revenues of over £2.8bn (2016: £2.4bn) with adjusted pre-tax profits rising by 15% to £31.5m (2016: £27.4m). Earnings per share on the same basis rose by 1.2% to 6.54p (2016: 6.46p) and the dividend for the year was raised 7.7% to 1.4p (2016: 1.3p). Net cash at the end of the period was £21.0m (2016: £23.1m) and net assets per share rose to 62.3p (2016: 58.0p). These were record results for the group driven by recent acquisitions and further acquisitions seems likely given the strong balance sheet. The group reported robust trading for March and April and is confident about future prospects. The shares remain a BUY.