WILL BE ON RADAR SOON19 Sep 2016 18:07
Maiden Interim Results for the six months ended 30 June 2016
Franchise Brands plc, a multi-brand international franchisor, is pleased to announce its maiden interim results for the six months ended 30 June 2016, which are in-line with management's expectations.
Financial highlights
· Total revenue up 10% to £2,488,000 (H1 2015: £2,259,000).
· Gross profit margin increased by 1.2% to 66.8% (H1 2015: 65.6%).
· Profit before tax up 18.3% to £724,000 (H1 2015: £612,000).
· Earnings per share of 4.79p (H1 2015: 4.05p), equivalent to 1.22p (H1 2015: 1.03p) on the basis of the number of shares in issue following Admission.
· Cash generated £668,000 (H1 2015: £44,000 outflow).
· Cash balance at 30 June 2016 of £1,164,000 (H1 2015: £1,008,000)