6 December 2016 – interim results
Interim results for the six months ended 30 June 2016 have been released. Revenue was £7.06m (2015: £6.96m). Profit before tax was £1.13m versus £1.04m and adjusted earnings per share rose from 3.05p to 3.42p. Net cash was £1.98m versus net debt of £2.32m a year earlier. The interim dividend was held at 1.7p. Overall these are solid results and we retain our BUY rating.