Business
Interim Results for the 6M ended 30 June 2017
Interim Results for the 6M ended 30 June 2017.
About this update from Judges Scientific Plc
[{"type":"text","content":"\n \nRNS Number : 0823R Judges Scientific PLC 19 September 2017 \n\nJudges Scientific PLC\n19 September 2017\n \n \n\n\n\n\nPress release\n\n\n19 September 2017\n\n\n\n\n \nJudges Scientific plc\n(\"Judges Scientific\", \"the Company\", or \"the Group\")\nInterim results for the six months ended 30 June 2017\n \nKey financials \n· Revenues up 20% to a record £32.7 million (H1 2016: £27.3 million) including 14% organic growth;\n· Adjusted* pre-tax profit up 48% to £4.4 million (H1 2016: £3.0 million);\n· Adjusted* basic earnings per share up 65.1% to 54.8p (H1 2016: 33.2p);\n· Interim dividend of 10.0p (H1 2016: 9.0p), an increase of 11%; covered 5.5 times by adjusted earnings;\n· Organic order intake up 28% compared with H1 2016;\n· Organic order book at 16.5 weeks (H1 2016: 11.2 weeks);\n· Cash generated from operations of £4.4 million (H1 2016: £2.4 million);\n· Adjusted* net debt of £5.8 million as at 30 June 2017 (30 June 2016: £10.3 million and 31 December 2016: £9.9 million);\n· Cash balances of £8.9 million as at 30 June 2017 (30 June 2016: £6.0 million and 31 December 2016: £7.9 million);\n· Post period end acquisition by Bordeaux of Oxford Cryosystems for £4.5 million and increase of Group's share in Bordeaux from 51% to 75.5% for a cash consideration of £1.3 million.\n \n* Adjusted earnings figures are stated before adjusting items relating to hedging of risks materialising after the end of the period, amortisation of intangible assets, share based payments and acquisition-related costs. Adjusted net debt notionally includes acquisition-related payments which had yet to be settled at the balance sheet date and excludes subordinated debt owed by subsidiaries to minority shareholders. \n \nAlex Hambro, Chairman of Judges Scientific, commented: \n\"The first half of 2017 has seen the Company delive...