21 April 2011 – final results

The supplier of industrial and commercial equipment (its product range numbers over 35,000!) has produced excellent results for 2010, with revenues up to £16.7m (2009: £15.8m), whilst pre-tax profit before exceptionals rose to £1.1m (2009: £0.4m).  Earnings per share on the same basis were 71.7p (2009: 22.3p) and the total dividend was increased to 40p (2009: 34p).  Net cash at the year end was £3.4m (2009: £2.8m).  These are clearly excellent results and trading in the first quarter of 2011 has been in line with expectations.  The shares remain ATTRACTIVE.