wow12 Nov 2013 07:24
Nice results!
Revenues for H1 2013/14 up 39% to £20.3 million (6m to 30 September 2012: £14.6 million);
§ Operating profit up 51% to £2.2 million (6m to 30 September 2012: £1.0 million);
§ Trading profit before tax1 up 70% to £1.8 million (6m to 30 September 2012: £1.1 million);
§ Group net trading profit after tax up 99% to £1.5 million (6m to 30 September 2012: £0.8 million);
§ Fully diluted trading earnings per share of 3.39 pence (6m to 30 September 2012:1.80 pence);
§ Net debt at 30 September 2013 decreased to £8.5 million (30 September 2012: £10.4 million) giving a net debt to EBITDA ratio of 1.7 times (At 31 March 2013: 2.6 times on a pro rata basis), now below our target ratio of 2 times;
§ Net cash generated from operating activities of £1.1 million (6m to 30 September 2012: outflow of £0.9 million); and
§ Intention to commence dividend payments subject to shareholder approval.
1 Trading profit before tax defined as profit before tax, adjusted for non trading costs of £0.02m (6m to 30 September 2012: £1.22m)