6 September 2010 – annual results

This European Patent and Trade Mark Attorney group has announced its annual results for the year to 31 May and these have shown increased sales and earnings for the ninth successive year.  Turnover for the year has increased by 2% to £29.4m whilst pre-tax profits rose by 23% to £3.8m.  Earnings per share rose to 30.0p (2009: 28.4p) and the dividend was increased to 10.0p (2009: 9.5p).  These were solid results which were achieved despite challenging market conditions and the group has continued to grow, opening an office in Helsinki in March, expanding its US operations and, since the year end, opening a business devevlopment office in Tokyo.  A confident statement about prospects bodes well for the future and the shares remain ATTRACTIVE.