27 June 2011 – final results
An excellent set of results has been released, covering the year ended 31 March 2011. Profit before tax more than doubled from £1.79m to £3.60m on revenue of £33.5m (2010: £26.7m). This translated into earnings per share of 11.4p (2010: 7.2p). Net debt has been slashed by 27% to £11.7m.
Although recent progress is very impressive, the company remains bullish about its growth prospects. The shares have moved up strongly in recent months but are still a BUY.