Business
Half-year Report
Half-year Report.
About this update from Franchise Brands Plc
[{"type":"text","content":"\n \nRNS Number : 6966Q Franchise Brands PLC 14 September 2017 \n\nPrior to publication in this announcement, the information contained within the Executive Chairman's Statement of this announcement was deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (\"MAR\"). \n\n \n14 September 2017\nFRANCHISE BRANDS PLC\n(\"Franchise Brands\", \"the Group\" or \"the Company\")\nHalf year results for the six months ended 30 June 2017\n \nFranchise Brands plc (AIM: FRAN), a multi-brand international franchisor, is pleased to announce its half year results for the period ended 30 June 2017. In addition, the annual results of the Company's principal operating subsidiary, Metro Rod Limited, for the year to 30 April 2017, which primarily cover pre-Franchise Brands ownership, have been published today, details of which are set out in note 4 to the half year results.\n \nFinancial highlights\n \n· Revenue up three-fold to £8,639,000 (H1 2016: £2,488,000).\n· Adjusted EBITDA increased by 66% to £1,256,000 (H1 2016: £758,000).\n· Organic EBITDA increased by 13% to £1,161,000 (H1 2016: £1,026,000).\n· Adjusted profit before tax and exceptional items grew by 38% to £1,001,000 (H1 2016: £724,000).\n· Statutory loss after tax and net exceptional costs of £237,000 (H1 2016: profit £575,000). \n· Cash generated from operations before exceptional costs of £2,117,000 (H1 2016: £773,000). \n· Increase in cash balances to £5,961,000 (31 December 2016: £2,999,000).\n· Net debt of £5,990,000 at 30 June 2017 (31 December 2016: nil).\no Gearing at 30 June 2017 of 26% (31 December 2016: nil). \n· Adjusted Basic EPS 1.31p (H1 2016: 1.58p), reflecting the significant increase in shares in issue following the IPO and acquisition of Metro Rod. \n· Basic EPS loss of 0.39p (H1 2016: profit of 1.58p), reflecting both the increase in shares in issue and the exceptional cost of the acquisition. \n· Maiden interim dividend of 0.17p per share declared, covered 7.7 times by adjusted earnings per share. \n ...