Business
Interim results for the six months to 30 June 2014
Interim results for the six months to 30 June 2014.
About this update from Maintel Holdings Plc
[{"type":"text","content":"\n \nRNS Number : 0088R Maintel Holdings PLC 08 September 2014 \n\nMaintel Holdings Plc\n(\"Maintel\" or the \"Group\")\n \nInterim results for the six months to 30 June 2014\n \nMaintel Holdings Plc, the telecoms and data services company, announces unaudited interim results for the six months to 30 June 2014. \n \n \nHighlights\n \nGroup revenue up 52% to £20.7m (H1 2013 - £13.6m), reflecting 3% organic growth in the core business and a robust contribution from Datapoint \n \nAdjusted profit before tax[1] up 21% at £2.9m (H1 2013 - £2.4m) \n \nAdjusted earnings per share[2] up 24% at 21.0p (H1 2013 - 16.9p) \n \nRobust cash performance with period end cash of £1.0m and £2.3m debt, the latter down £0.5m from year end \n \nInterim dividend proposed of 9.3p per share (H1 2013 - 6.7p), an increase of 39% year on year\n \nStrong equipment and professional services performance in H1, with a healthy order backlog moving into H2\n \nDatapoint is now fully integrated and performing well \n \nBoard strengthened with the appointment of a new independent Non Executive Director, Annette Nabavi\n \nOn track to meet the Board's full year expectations with a positive outlook for the second half \n \nCommenting on the Group's results, Eddie Buxton, CEO, said:\n \n\"This is a positive set of results for the Group, with growth in the core Maintel business complemented by a full six months' contribution from Datapoint. The integration of Datapoint is now complete and we remain open to further acquisitions should they provide clear value to shareholders. Moving forward, we are confident in our ability to meet the Board's expectations and this is reflected in the 39% increase in the interim dividend\". \n \n[1] adjusted profit before tax is basic profit before tax of £2.1m (H1 2013 - £2.0m), adjusted for intangibles amortisation and exceptional costs\n \n[2] adjusted earnings per share is basic earnings per share of 15.6p (H1 2013 - 14.4p), adjusted for intangibles amortisation and exceptional costs\n \n \nFor further information please contact:\n \nMaintel\n \nEddie Buxton, Chief Executive 020 7401 4601\nDale Todd, Finance Director &nb...