FINANCIAL HIGHLIGHTS
2021 Interim announcement
Nicholas Braime, Chairman said:
"Following the upheaval of the previous year brought about by the global pandemic, the Group has seen a surge in customer demand, with all sectors performing strongly."
| For the six months ended 30th June 2021 | Unaudited 6 months to 30th June 2021 £'000 | Unaudited 6 months to 30th June 2020 £'000 |
|---|---|---|
| Revenue | 18,212 | 16,114 |
| Changes in inventories of finished goods and work in progress | 51 | 492 |
| Raw materials and consumables used | (9,661) | (8,954) |
| Employee benefits costs | (4,366) | (4,406) |
| Depreciation expense | (655) | (646) |
| Other (expenses)/operating income | (2,592) | (2,146) |
| Profit from operations | 989 | 454 |
| Finance costs | (106) | (82) |
| Finance income | 2 | - |
| Profit before tax | 885 | 372 |
| Tax expense | (220) | (114) |
| Profit for the period | 665 | 258 |
| Profit attributable to: | ||
| Owners of the parent | 608 | 242 |
| Non-controlling interests | 57 | 16 |
| 665 | 258 | |
| Basic and diluted earnings per share | 46.18p | 16.81p |
Group Financial Highlights
- Dividend is increased from 4.00p to 4.25p per share for both Ordinary and 'A' Ordinary Shares.
- Group revenue at £18.2 million (2020: £16.1 million)
- Earnings before interest, tax, depreciation and amortisation (EBITDA) at £1.6 million (2020: £1.1 million)
- Basic and diluted earnings per share at 46.18p (2020: 16.81p)
- Cash balance at 30th June 2021 £764,000 (2020: £822,000)
2020 Full year announcement
Nicholas Braime, Chairman said:
"In normal circumstances the 2020 result would be very disappointing but in the quite exceptional circumstances that affected the Group globally the result achieved was significantly better than we had dared hope for much of the year."
| Year ended 31st December 2020 | 2020 £'000 | 2019 £'000 |
|---|---|---|
| Revenue | 32,803 | 33,433 |
| Changes in inventories of finished goods and work in progress | (63) | 959 |
| Raw materials and consumables used | (17,428) | (17,986) |
| Employee benefits costs | (8,408) | (8,530) |
| Depreciation and amortisation expense | (1,280) | (1,236) |
| Other (expenses)/operating income | (4,247) | (4,419) |
| Profit from operations | 1,377 | 2,221 |
| Finance expense | (191) | (477) |
| Finance income | 9 | 2 |
| Profit before tax | 1,195 | 1,746 |
| Tax expense | (341) | (397) |
| Profit for the year | 854 | 1,349 |
| Profit attributable to: | ||
| Owners of the parent | 823 | 1,360 |
| Non-controlling interests | 31 | (11) |
| 854 | 1,349 | |
| Basic and diluted earnings per share | 59.31p | 93.68p |
Group Financial Highlights
Total dividend 11.80p (2019: 11.60p)
- Group revenue of £32.8 million (2019: £33.4 million)
- Pre-tax profits at £1.20 million (2019: £1.75 million)
- Earnings before interest, tax, depreciation and amortisation (EBITDA) at £2.7 million (2019: £3.5 million)
- Basic and diluted earnings per share at 59.31p (2019: 93.68p)
- Cash balances increased to £1.2 million (2019: £0.7 million)
- Bank borrowings of £1.7 million (2019: £1.2 million)
- The board is recommending a second interim dividend of 7.80p per share (2019: 8.00p) to the holders of Ordinary and 'A' Ordinary shares
Operating Highlights