focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
The Company continued to perform well in the second half of the financial year, and results for the full year are expected to be in line with market expectations. Revenues and EBITDA for the 12 months are anticipated to show increases of 8.2% to �16.0m and 16.3% to �3.6m, respectively1.
The Group's continuing revenue for the six months to 30 June 2017 increased by 19.3% to £138.0 million (June 2016: £115.7 million). This was driven by strong organic growth of some 4.8% and a full six months of trading from the acquisitions completed in 2016. Adjusted operating profit increased by 20.0% to £18.6 million (June 2016: £15.5 million). Adjusted profit before taxation increased to £16.8 million (June 2016: £13.6 million) after net finance costs of £1.8 million (June 2016: £1.9 million). The underlying tax rate was 19.4% (June 2016: 20.3%).
Ah the bubble has burst. These shares have been hyped up for a while. A good solid company with a great future. Valuations of 55p -90p in 2021. Some people have made a lot of money from the hype, well done. If you`re one of the losers then move on and dont get caught out again.
Financial Highlights · Revenue growth of 19.2% to £87.5 million (2016: £73.4 million), including organic revenue growth‡ of 12%. · 26.6% increase in adjusted† operating profits to £17.0 million (2016: £13.4 million). · 23.6% increase in adjusted†† basic earnings per share to 13.1p (2016: 10.6p) and a 10.8% increase in basic earnings per share to 8.2p. · 8.2% increase in profit before tax (after exceptional costs) to £10.1 million (2016: £9.3 million). · Solid balance sheet and strong cash generation, resulting in cash balances at 31 March 2017 of £17.6 million (2016: £12.4 million)¥. · A progressive 13.0% increase to the proposed dividend for 2017 to 2.35 pence per share (2016: 2.08 pence).