28 February 2017 – interim results
For the six months to 31 December 2016 group revenue was £45.7m (2016: £45.4m). This represents an increase of 1% and was in line with expectations. Profit before tax was £1.8m (2016: £1.8m) but earnings per share from continuing operations slipped to 3.6p (2016: 4.0p). As at 31 December 2016 net assets per share were 98p (31 December 2015: 92p) and net funds were £6.7m versus £6.6m a year earlier. The interim dividend was increased from 1.2p per share to 1.6p. On the whole these are solid results and we keep our BUY rating.