|
6 months to 31 May |
12 months to 30 Nov |
||||
|
2015 |
2014 |
Actual |
Constant Currency |
2014
|
|
|
Revenue |
£186.0m |
£196.3m |
(5.2)% |
0.9% |
£410.6m |
|
Operating margin |
6.8% |
5.9% |
7.7% |
||
|
PBTA |
£9.7m |
£8.6m |
12.8% |
19.8% |
£25.2m |
|
Profit before taxation (statutory) |
£7.4m |
£5.2m |
42.3% |
£16.7m |
|
|
Basic EPS |
2.04p |
1.86p |
9.7% |
16.6% |
5.46p |
|
Dividend per share |
0.98p |
0.95p |
3.2% |
2.70p |
|
|
ROCE |
11.8% |
11.4% |
11.4% |
Highlights:
Revenue increased by 0.9% on a constant currency basis; overall sales volumes were 3% up
Year-on-year profit growth assisted by lower raw material costs
Profit increases in Interiors & Transport, Building & Industrial and Coated Technical Textiles
Sports & Leisure performing well and gaining market share
Civil Engineering markets remain challenging but stable
Slow progress at Bonar Natpet
Martin Flower, Chairman, said:
"We have made steady progress in the first half buoyed by favourable raw material pricing. It is gratifying to see profit increases and market share gains in most sectors. Some of these gains have been offset by significantly lower profits in Civil Engineering and a slower than anticipated sales progression at Bonar Natpet.
Overall, we remain on track to meet the Board's expectations for the full year."
