Business
Half Yearly Report
Half Yearly Report.
About this update from Fw Thorpe Plc
[{"type":"text","content":"\n \nRNS Number : 6511S Thorpe(F.W.) PLC 21 March 2016 \n\nF W Thorpe Plc\n \nINTERIM RESULTS FOR THE SIX MONTHS TO 31 DECEMBER 2015\n \nF W Thorpe Plc, designers, manufacturers and suppliers of professional lighting systems for the specification market is pleased to announce its interim results for the six months ended 31 December 2015.\n \nKey points:\n\n\n\n\nContinuing operations\n\n\nInterim\n2016\n\n\nInterim\n2015\n\n\n\n\n\nExcluding Lightronics acquisition\n\n\n\n\nRevenue\n\n\n£41.4m \n\n\n£32.6m \n\n\n26.8% increase\n\n\n5.2% increase\n\n\n\n\nOperating profit\n\n\n£6.5m \n\n\n£5.5m \n\n\n17.9% increase\n\n\n5.1% increase\n\n\n\n\nProfit before tax\n\n\n£6.6m \n\n\n£5.8m \n\n\n13.7% increase\n\n\n6.0% increase\n\n\n\n\nBasic earnings per share\n\n\n4.47p\n\n\n3.92p\n\n\n14.0% increase\n\n\n7.5% increase\n\n\n\n\n \n· Revenue and operating profit boosted by Lightronics acquisition\n· Lightronics performed ahead of expectations in first six months, driven by one off projects\n· TRT Lighting profitable growth continues\n· Investment of €1.2m for 40% of Luxintec S.L., a luminaire and specialist lenses manufacturer based in Spain, was completed post period end on 9 March 2016\n· Interim dividend increased to 1.20p (Interim 2015: 1.10p)\n· Special dividend of 2.00p (Interim 2015: nil)\n \n \n \nFor further information please contact: \n\n\n\n\nF W Thorpe Plc\n\n\n \n\n\n\n\nAndrew Thorpe - Chairman\n\n\n01527 583200\n\n\n\n\nCraig Muncaster - Group Financial Director\n\n\n01527 583200\n \n\n\n\n\nN+1 Singer - Nominated Adviser\n\n\n \n\n\n\n\nRichard Lindley\n&nb...