FINANCIAL HIGHLIGHTS
2020 Interim announcement
Nicholas Braime, Chairman said:
"In view of the havoc that the Covid-19 pandemic has wreaked on the global economy, the directors are pleased to report that sales volumes have held up better than expected."
| For the six months ended 30th June 2020 | Unaudited 6 months to 30th June 2020 £'000 | Unaudited 6 months to 30th June 2019 £'000 |
|---|---|---|
| Revenue | 16,114 | 17,077 |
| Changes in inventories of finished goods and work in progress | 492 | 1,174 |
| Raw materials and consumables used | (8,954) | (9,901) |
| Employee benefits costs | (4,406) | (4,090) |
| Depreciation expense | (646) | (536) |
| Other expenses | (2,146) | (2,438) |
| Profit from operations | 454 | 1,286 |
| Finance costs | (82) | (218) |
| Finance income | - | 1 |
| Profit before tax | 372 | 1,069 |
| Tax expense | (114) | (315) |
| Profit for the period | 258 | 754 |
| Profit attributable to: | ||
| Owners of the parent | 242 | 749 |
| Non-controlling interests | 16 | 5 |
| 258 | 754 | |
| Basic and diluted earnings per share | 16.81p | 52.00p |
Group Financial Highlights
- Dividend is increased from 3.6p to 4.0p per share for both Ordinary and 'A' Ordinary Shares.
- Group revenue at £16.1 million (2019: £17.1 million)
- Earnings before interest, tax, depreciation and amortisation (EBITDA) at £1.1 million (2019: £1.8 million)
- Basic and diluted earnings per share at 16.81p (2019: 52.00p)
- Cash balance at 30th June 2020 £822,000 (2019: £427,000)
2019 Full year announcement
Nicholas Braime, Chairman said:
"We are in unknown territory and whilst the Group is currently in a relatively fortunate position, we are taking the necessary steps to ensure we remain flexible, carefully managing our cashflow, and keeping expenditure under constant review."
| Year ended 31st December 2019 | 2019 £'000 | 2018 £'000 |
|---|---|---|
| Revenue | 33,433 | 35,718 |
| Changes in inventories of finished goods and work in progress | 959 | 1,229 |
| Raw materials and consumables used | (17,986) | (19,677) |
| Employee benefits costs | (8,530) | (8,300) |
| Depreciation and amortisation expense | (1,236) | (788) |
| Other (expenses)/operating income | (4,419) | (4,940) |
| Profit from operations | 2,221 | 3,242 |
| Finance expense | (477) | (227) |
| Finance income | 2 | 2 |
| Profit before tax | 1,746 | 3,017 |
| Tax expense | (397) | (788) |
| Profit for the year | 1,349 | 2,229 |
| Profit attributable to: | ||
| Owners of the parent | 1,360 | 2,178 |
| Non-controlling interests | (11) | 51 |
| 1,349 | 2,229 | |
| Basic and diluted earnings per share | 94.44p | 151.25p |
Group Financial Highlights
Total dividend 11.60p (2018: 11.50p)
- Group revenue of £33.4 million (2018: £35.7 million)
- Pre-tax profits at £1.75 million (2018: £3.0 million)
- Earnings before interest, tax, depreciation and amortisation (EBITDA) at £3.5 million (2018: £4.0 million)
- Basic and diluted earnings per share at 94.44p (2018: 151.25p)
- Cash balances decreased to £0.7 million (2018: £1.5 million)
- Bank borrowings of £1.2 million (2018: £1.4 million)
- The board is recommending a second interim dividend of 8.00p per share (2018: 8.00p) to the holders of Ordinary and 'A' Ordinary shares
Operating Highlights