26 June 2013 – final results
An excellent set of figures has been released covering the year to 30 March 2013. Revenue from continuing operations was up 11.2% to £41.79m (2012: £37.57m). After taking into account financial income and expense, special items, taxation and discontinued activities net profit was £3.94m (2012: loss of £14.85m). Underlying earnings from continuing operations before special items was 5.84p per share (2012: 0.38p) and earnings from continuing operations after special items came to5.64p (2012: loss of 15.05p). Clearly performance has been turned around considerably and with a strengthened balance sheet with lower net debt the shares are a BUY.