12 September 2011 – annual results

The European Patent and Trade Mark Attorney has reported its tenth successive year of sales and earnings growth in the year to 31 May, with revenues increasing by 13% to £33.2m (2010:  £29.4m) and adjusted pre-tax profits rising by almost 9% to £4.0m (2010: £3.7m).  Earnings per share on the same basis rose to 30.5p (2010: 30.0p) and the total dividend for the year rose to 10.75p (2010: 10.0p).  These were excellent results in difficult circumstances and the group continues to expand, opening offices in Tokyo and San Francisco.  Net debt fell during the year to £4.6m (2010: £5.8m).  A confident statement indicates that further steady progress is on the cards for the current year and the shares are a LONG TERM BUY.