7 March 2012 – final results
The group has announced impressive results for 2011 with revenues increasing by 36% to £11.2m (2010: £8.2m) and pre-tax profits more than doubling to £1.02m (2010: £0.43m). Earnings per share rose to 0.87p (2010: 0.38p) and strong cash flow has meant that the group ended the year with no debt. The group has also restored the dividend with a modest payment of 0.1p. The current year has started in line with expectations, but as usual there is limited visibility of earnings – nevertheless, with a much improved financial position, the launch of new products and an expanded sales team, the group is well-positioned to make further progress this year. Continue to BUY.