31 January 2012 – interim results

The European Patent and Trade Mark Attorney group has announced interim results to 30 November which have shown good growth for the eleventh consecutive interim period.  Revenue rose by 13% to £18.0m (2010: £16.0m) with pre-tax profits up 23% to £2.21m (2010: £1.79m) following a strong second quarter.  Earnings per share rose to 17.32p (2010: 14.43p) and the interim dividend was maintained at 3.5p.  There was good growth in business in the US whilst the presence in Germany was also expanded.  The group continues to expand steadily and we maintain our recommendation of LONG  TERM BUY.