20 January 2020 - interim results

Interim results covering the six months to 31 October 2019 revealed both revenue and gross profits below the same period a year earlier.  Reported revenue was £12.1m (2018: £13.1m) and underlying EBITDA was £1.34m (2018: £1.75m).  Underlying profit before tax decreased to £485k (2018: £1.01m).  Profit before tax after taking a number of exceptional items into account was £25k (2018: £582k).   Underlying basic earnings per share fell from 0.87p to 0.26p.  Net debt increased to £8.63m (2018: £6.87m) due mainly to the adoption of IFRS 16 . . .

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