Business
Interim Results for six months to 30 June 2013
Interim Results for six months to 30 June 2013.
About this update from Maintel Holdings Plc
[{"type":"text","content":"\n \nRNS Number : 0057O Maintel Holdings PLC 16 September 2013 \n \n\nMaintel Holdings Plc\n(\"Maintel\" or the \"Group\")\n \nInterim results for the six months to 30 June 2013\n \n \nMaintel Holdings Plc, the telecoms and data services company, announces unaudited interim results for the six months to 30 June 2013. \n \n \nHighlights\n \nGroup revenue up 1% to £13.6m (H1 2012 - £13.5m), all organic\n \nAdjusted profit before tax[1] up 0.2% at £2.36m (H1 2012 - £2.35m); unadjusted profit before tax was £2.00m compared with £0.19m in H1 2012, the latter stated after the expensing of acquisition consideration of £1.79m\n \nAdjusted earnings per share[2] up 2% at 16.9p (H1 2012 - 16.6p); unadjusted earnings per share were 14.4p, compared with a loss of 2.8p per share in H1 2012, the latter after expensing the acquisition consideration \n \nPeriod end cash of £0.7m and no debt following payment of the final tranche of the mobile acquisition and increased dividend payments \n \nInterim dividend proposed of 6.7p per share (H1 2012 - 6.3p), an increase of 6% year on year\n \n \nStrong equipment and professional services performance in H1, with a healthy order backlog moving into H2\n \nFurther progress and improvement on cross-selling services into the wider customer base\n \nAcquisition of Datapoint UK and Ireland companies in September 2013, funded by a term loan and overdraft facility\n \n \n \n[1] adjusted profit before tax is basic profit before tax of £2.00m (H1 2012 - £0.19m), adjusted for intangibles amortisation and, in 2012, a £1.79m non-trading adjustment relating to the Maintel Mobile acquisition \n \n[2] adjusted earnings per share is basic earnings/(loss) per share of 14.4p (H1 2012 - (2.8)p), adjusted for intangibles amortisation and the non-trading Maintel Mobile adjustment\n \n \nFor further information please contact:\n \nMaintel\n \nEddie Buxton, Chief Executive 020 7401 4601\nDale Todd, Finance Director 020 7401 0562\n \nfinnCap Limited\n \nCharlotte Stranner &nbs...