25 September 2012 – interim results
The group has reported record results for the six months to 30 June, with revenues up by 39% to £13.4m and adjusted pre-tax profits increasing 47% to £2.6m. Earnings per share on the same basis were 40% higher at 38.4p and the interim dividend was raised by 51% to 5p. The group made its largest acquisition to date during the period, buying Global Digital Systems for for £7.65m and to help fund this the group raised £3m in a placing at 600p in May. As a results, at the period end net debt was £4.3m (31 December 2011). £0.7m). These are clearly impressive results and trading at the start of the second half has been in line with expectations. BUY.