Interesting results2 Jul 2014 14:15
Highlights
· Profit before tax of £1.8m (2013: £0.7m)
· Basic earnings per share 7.6p (2013: 2.7p)
· Net bank debt decreased to £5.4m (2013: £6.4m).
· Final dividend of 0.75p per share proposed (2013: nil)
· Company well placed to capitalise on commercial opportunities
Steve Roberts, Executive Chairman of Northern Bear commented:
"The last year has seen a marked improvement in the performance of our business, which I believe is a response to the hard work of our staff and the careful prioritisation of resources during a period of bleak economic conditions. The Group is now well placed to take advantage of opportunities as and when they arise, both through organic growth and bolt-on acquisitions. With brighter macro-economic and local economic conditions, we hope to be able to announce further progress in due course."