29 September 2010 – interim results
Results for the six months ended 30 June 2010 have been released and provide very good news for shareholders. Sales were up 9% to £9.6m but more importantly pre-tax profit jumped by 43% to £562k (2009: £394k) and EPS improved even more, rising 46% from 11.8p to 17.2p. This looks a solid company and although the share price has moved up significantly since our original tip there is scope for plenty more upside once others spot the potential of this relatively unknown business. STRONG BUY.