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Lincat Group plc, Interim results to 30 June 2008
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Highlights
- Headline operating profit of £2.8m on turnover of £17.2m
- Gross margin up from 50.7% to 51.3%
- Headline basic EPS up 8% to 33.3p per share
- Interim dividend raised 4% to 10.2p per share
- Contracts exchanged in April 2008 for the sale of IMC's vacant Hertfordshire site for £7.5m; £1m received as non-refundable deposit
- £4.670m of net cash generated by operations
- Net debt of £5.7m at period end (31 December 2007: £9.0m)
Martin Craddock, Chairman:
"Despite challenging trading conditions, the Group has once again delivered a robust result and generated strong cash flow. We remain on course to repay any outstanding bank loans by the end of June 2009."
14 August 2008
Click here to download "Lincat Group plc 2008 Interim results.pdf"
Click here to download "Lincat Group plc 2008 Interim presentation.pdf"
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