Good first half performance in line with expectations
21% increase in total Sterling revenue, reflecting underlying growth and favourable currency movements.
11% organic5 revenue growth in constant currency, driven by strong performances in smartphones and automotive telematics, tempered by lower growth in telecoms mobile infrastructure.
20% increase in underlying US$ operating profit, with improvement in underlying operating margin, benefitting from increased volumes in smartphones and a full period contribution from Model Solution.
36% increase in underlying profit before tax to £26.9m, underpinned by strong underlying performance with a favourable currency benefit of circa 10%.
35% increase in statutory profit before tax to £21.6m (2014: £16.0m).
Operating cash flow conversion of 94%.
Interim dividend increased by 3% to 4.40p (2014: 4.27p).
