Avon’s interims came in ahead of our expectations, showing growth against a very strong H1 last year that included a 52,000 C50 delivery to a customer in the Middle East. Revenues increased 2% to £62.8m, adjusted PBT increased 4% to £8.4m and adjusted basic earnings increased 9% to 22.3p, helped by a small improvement in the expected full year tax rate. Continued strong cash generation resulted in net cash increasing from £2.9m at the year end to £7.3m. The inter
29 Apr 2015
Interims ahead of expectations
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Interims ahead of expectations
Avon Protection PLC (AVON:LON) | 1,194 95.5 0.7% | Mkt Cap: 361.3m
- Published:
29 Apr 2015 -
Author:
Chris Thomas -
Pages:
5
Avon’s interims came in ahead of our expectations, showing growth against a very strong H1 last year that included a 52,000 C50 delivery to a customer in the Middle East. Revenues increased 2% to £62.8m, adjusted PBT increased 4% to £8.4m and adjusted basic earnings increased 9% to 22.3p, helped by a small improvement in the expected full year tax rate. Continued strong cash generation resulted in net cash increasing from £2.9m at the year end to £7.3m. The inter