Interim Result Presentation December 2010

Interim Result Presentation December 2010

Highlights

  • Order book up 16% to £117m, following strong intake (June 10: £101m)
  • Multi-year engineering, assembly and defence vehicle programmes secured
  • Revenue up 11% to £90.2m (Dec 09: £81m)
  • Profit before tax up 32% to £5m (Dec 09: £3.8m)
  • Earnings per share up to 9.4p (Dec 09: 6.3p)
  • Low gearing maintained – net debt £7.5m (June 10: £7.8m; Dec 09: £6.7m)
  • Interim dividend up to 3.4p per share (Dec 09: 3.2p)
  • Positive market momentum being carried into the second half with a return of business from some passenger car companies.

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