Business
Interim Results
Interim Results.
About this update from Caffyns Plc
[{"type":"text","content":"\n RNS Number : 8438W Caffyns PLC 26 November 2010 \n \n\nINTERIM RESULTS \nfor the half year ended 30 September 2010\n \n\n \n\n \nSummary\n \n \n\n\n\n\n\n\n\n2010\n\n\n2009\n\n\n\n\n\n\n\n£'000\n\n\n£'000\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nRevenue\n\n\n103,793\n\n\n89,570\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nProfit before tax\n\n\n917\n\n\n685\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nAdjusted profit before tax *\n\n\n917\n\n\n710\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nP\n\n\np\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nBasic earnings per share\n\n\n27.1\n\n\n16.6\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nAdjusted earnings per share *\n\n\n27.1\n\n\n17.3\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nInterim dividend per share\n\n\n5.0\n\n\n5.0\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n* Adjusted for non-underlying items\n\n\n\n\n \n \nHighlights\n \n\n\n\n\n§ Revenue in the period up 16% to £103.8m from £89.6\n\n\n\n\n§ Profit before tax up 34% to £917,000 from £685,000\n\n\n\n\n§ New car unit sales up 4.5% increasing market share\n\n\n\n\n§ Used car sales up 6.6%\n\n\n\n\n§ Aftersales revenue up 4.4%\n\n\n\n\n§ Adjusted earnings per share up to 27.1p from 17.3p\n\n\n\n\n \n \nThe Chief Executive, Simon Caffyn, commented:\n \n\"We are pleased to report an improved performance for the first half of 2010. Revenues are up 16% compared with the same period last year and profit before tax is up 34%. Our new and used car sales figures and aftersales revenues are all up on last year. We achieved these higher levels in what remain uncertain market conditions for car sales, and future visibility is limited. Our objective is to build on the first half's performance by continuing to focus on the efficient running of the group's operations. However, the effects of the Government Spending Review and the VAT increase in January could impact consumer confidence and thus car sales in the second half.\"\n \n ...