22 May 2012 – final results

Final results for the year to 31 March have shown that the group has made significant progress aided by positive global engineering markets.  Revenues have risen by 14% to £45.5m (2011: £39.8m) and underlying pre-tax profit has more than doubled to £1.7m (2011: £0.8m).  Earnings per share on the same basis also rose strongly to 18.3p (2011: 6.7p) and the dividend for the year was increased to 3p (2011: 1p).  Prospects for the current year look very positive and we re-iterate our recommendation of BUY.