23 April 2014 – trading update
A pre-close trading update has confirmed that the interim results to 31 March should show that both revenues and adjusted operating profits have risen by over 20% compared with the same period last year. The results have benefited from the acquisitions of both Catan Marketing and One iota limited which have both contributed during the period. Strong order intake during the period bodes well for the second half whilst the fact that the group had net cash of over £5m at the end of the period provides scope for further expansion, either organically or through acquisition. Although the shares have enjoyed a good run they remain a LONG TERM BUY.