11 April 2013 – final results
A solid set of results has been delivered for the year ended 31 December 2012. Revenue was £30.8m versus £24.9m in 2011 and profit before tax jumped from £2.89m to £4.88m. This translated into diluted earnings per share of 23.8p versus 14.9p a year earlier. The final dividend was lifted by 10% from 3.25p to 3.575p per share, taking the total for the year to 5.425p (2011: 5.0p). The share price has risen to reflect improved performance but with positive momentum continuing we keep our BUY rating.