FINANCIAL HIGHLIGHTS
2024 Interim announcement
Nicholas Braime, Chairman said:
"The directors are pleased that 2024 revenues have improved by 6% from the second half of 2023 and profit from operations are up 26% from the second half of 2023."
For the six months ended 30th June 2024 | Unaudited 6 months to 30th June 2024 £'000 | Unaudited 6 months to 30th June 2023 £'000 |
Revenue | 24,750 | 24,706 |
Changes in inventories of finished goods and work in progress | 215 | (49) |
Raw materials and consumables used | (13,073) | (12,650) |
Employee benefits costs | (5,967) | (5,398) |
Depreciation expense | (760) | (828) |
Other (expenses)/operating income | (3,363) | (3,467) |
Profit from operations | 1,802 | 2,314 |
Finance costs | (259) | (199) |
Finance income | 3 | - |
Profit before tax | 1,546 | 2,115 |
Tax expense | (451) | (605) |
Profit for the period | 1,095 | 1,510 |
Profit attributable to: | ||
Owners of the parent | 1,097 | 1,478 |
Non-controlling interests | (2) | 32 |
1,095 | 1,510 | |
Basic and diluted earnings per share | 76.04p | 104.86p |
Group Financial Highlights
- Dividend remains the same at 5.25p per share for both Ordinary and 'A' Ordinary Shares
- Group revenue at £24.8 million (2023: £24.7 million)
- Earnings before interest, tax, depreciation and amortisation (EBITDA) at £2.6 million (2023: £3.1 million)
- Basic and diluted earnings per share at 76.04p (2023: 104.86p)
- Net cash at 30th June 2024 £450,000 (2023: £886,000)
2023 Full year announcement
Nicholas Braime, Chairman said:
"We are delighted that the Group has had another excellent year given the economic climate"
Year ended 31st December 2023 | 2023 £'000 | 2022 £'000 |
Revenue | 48,155 | 44,879 |
Changes in inventories of finished goods and work in progress | (426) | 2,925 |
Raw materials and consumables used | (25,188) | (26,456) |
Employee benefits costs | (11,009) | (10,260) |
Depreciation and amortisation expense | (1,678) | (1,535) |
Other (expenses)/operating income | (6,106) | (5,104) |
Exceptional item | - | (350) |
Profit from operations | 3,748 | 4,099 |
Finance expense | (485) | (282) |
Finance income | 72 | 5 |
Profit before tax | 3,335 | 3,822 |
Tax expense | (999) | (1,101) |
Profit for the year | 2,336 | 2,721 |
Profit attributable to: | ||
Owners of the parent | 2,274 | 2,768 |
Non-controlling interests | 62 | (47) |
2,336 | 2,721 | |
Basic and diluted earnings per share | 162.22p | 188.96p |
Group Financial Highlights
Total dividend 14.75p (2022: 13.75p)
- Group revenue of £48.2 million (2022: £44.9 million)
- Pre-tax profits at £3.33 million (2022: £3.82 million)
- Earnings before interest, tax, depreciation, amortisation and exceptional costs (EBITDA) at £5.4 million (2022: £6.0 million)
- Basic and diluted earnings per share at 162.22p (2022: 188.96p)
- Cash balances increased to £2.2 million (2022: £0.8 million)
- Bank borrowings of £2.9 million (2022: £2.3 million)
- The board is recommending a second interim dividend of 9.50p per share (2022: 9.00p) to the holders of Ordinary and 'A' Ordinary shares
Operating Highlights