23 November 2010 – final results

A very reassuring set of figures has been released covering the year to 30 September 2010. Revenue rose by 4% to £29.5m (2009: £28.3m) and adjusted operating profit was up by 15% to £9.9m versus £8.6m in the previous year. Basic earnings per share rose by 21% to 13.7p and adjusted earnings per share came in at the same level, 20% higher than the 2009 figure of 11.4p. Net cash generated from operations was static at a very healthy £8.5m and this meant that net cash increased to £10.2m (2009: £9.5m). The final dividend of 1.5p per share brings the total for the year to 2.3p, up from 1.6p a year earlier. Overall these are strong numbers and the shares look GOOD VALUE.