Lincat Group plc, the AIM-listed manufacturer of commercial catering appliances and bar equipment, announces its interim results to 28 June 2009.
Highlights
* Operating profit of £2.1m (2008: £2.8m) on turnover from continuing operations of £14.9m (2008: £16.3m) * Basic EPS from continuing operations of 26.9p (2008: 34.4p) * Interim dividend of 10.2p per share (2008: 10.2p) * Net debt of £2.8m at period end (2 January 2009: £3.0m) * Further £1.0m non-refundable deposit received after the period end against IMC’s vacant Hertfordshire site * Sale announced yesterday of Mercury, the Group’s loss-making domestic appliance subsidiary.
Martin Craddock, Chairman:
“Our businesses have delivered a robust performance against a back-drop of lower demand and a highly competitive market-place. The improvement in sales between the first and second quarters is encouraging.”
