bdi results9 Apr 2014 08:07
fab results:
· Recurring revenues now represent 95% of administrative expenses (2012: 92%)
· Administrative expenses* down by 4.1% to £24.7m (2012: £25.7m)
· Operating profit* up 23% to £3.4m (2012 £2.7m)
· Profit before tax up 193% to £1.6m (2012: £0.56m)
· Diluted earnings per share up 53% to 3.5p (2012: 2.3p)
· Recommended Final Dividend up 22% to 2.2p (2012: 1.8p)
· Moved to net cash position of £1.4m (2012 net debt: £1.8m)
P/FCF of 9