7 March 2012 – final results

Results for 2011 showed operating income up 10% at £163.6m (2010: £149.3m) and operating profit up 15% to £25.5m (2010: £22.1m).  This fed through into earnings per share from continuing operations of 26.56p versus 24.38p a year earlier, which makes the shares look good value at the current price.

The company has also announced the acquisitions of McKenzie Clark, a 60% interest in Rough Hill Limited and a 40% interest in StratAgile Limited.  It has also entered into a conditional agreement to acquire iLUKA Limited.  The shares remain a BUY.