Financial highlights
Revenue growth of 10.1% at £54.5m (2015: £49.4m). Revenues were 10.5% higher than prior year on a constant currency basis.
Adjusted operating profit increased by 79% in the period to £1.79m (2015: £1.00m).
Profit before tax and exceptional items more than doubled to adjusted £1.63m (2015: £0.81m).
Earnings per share increased by 91% to adjusted 12.6p (2015: 6.6p).
Defined benefit pension scheme closed to future accrual, generating a one-off, exceptional gain of £0.65m.
Net debt position of £4.3m (2015: £5.4m), compares favourably to the prior year and is after absorbing growth related investments in capital equipment and inventory to support our owned brands.
Proposed final dividend of 2.3p per share (2015: 2.0p), in addition to the interim dividend of 0.8p already paid, to give a full year dividend of 3.1p (2015: 2.0p), an increase of 55%.
Significantly oversubscribed Placing to raise £8.6m post year-end for acquisition of Brand Architekts Ltd.
