Revenue of £148.9m is in line with forecasts and shows 9.5% growth yoy. In a difficult RMI market this level of organic growth is impressive with H2 seeing growth of 12.3%, an improvement on the 6.8% growth reported in H115. This results in PBT of £17.6m, marginally above our £17.4m PBTA forecast. The good performance in H215 has continued into 2016, however, we leave forecasts unchanged this early in the year. Net cash of c. £16.5m is in line with expectations and rai
25 Jan 2016
Strong FY15 with cash return on the agenda in FY16
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Strong FY15 with cash return on the agenda in FY16
- Published:
25 Jan 2016 -
Author:
Andy Hanson -
Pages:
6
Revenue of £148.9m is in line with forecasts and shows 9.5% growth yoy. In a difficult RMI market this level of organic growth is impressive with H2 seeing growth of 12.3%, an improvement on the 6.8% growth reported in H115. This results in PBT of £17.6m, marginally above our £17.4m PBTA forecast. The good performance in H215 has continued into 2016, however, we leave forecasts unchanged this early in the year. Net cash of c. £16.5m is in line with expectations and rai