Great results...20 Apr 2010 09:09
SUMMARY
· Revenue from continuing operations of £134.5 million (2008 : £171.1 million).
· Operating profit from continuing operations, before exceptional items, of £1.8 million (2008 : £0.5 million).
· Operating cash generated from continuing operations, before exceptional items, of £8.3 million (2008 : £6.3 million).
· Profit before taxation from continuing operations, before exceptional items, of £2.1 million (2008 : £0.6 million).
· Profit before taxation from continuing operations on a statutory basis of £0.4 million (2008: loss of £11.6 million).
· Statutory profit for the year, including exceptional items and discontinued operations of £5.9 million (2008 : £0.1 million).
· Business performance* earnings per share of 2.3p (2008 : 0.9p).
· Statutory earnings per share of 9.4p (2008 : 0.1p).
· Net debt (cash, borrowings and finance leases) at year end of £2.2 million (2008 : £4.0 million).
· Gearing at year end of 7.5% (2008 : 15.3%).
· Net assets at 31 December 2009, increased to £29.4 million (2008 : £26.2 million).
NAV double the current Market cap and in profit! Should see a good move up today! GLA