Business
Preliminary Results
Preliminary Results.
About this update from Mpac Group Plc
[{"type":"text","content":"\n \nRNS Number : 0760Q Molins PLC 25 February 2016 \n\n \n \nAIM: MLIN\nMolins PLC\n(\"Molins\" or \"Company\" or \"Group\")\nInternational specialist technology and services group\nPreliminary Results for the year to 31 December 2015\n \nKey Points\n· Results in line with market expectations\n \n· Disposal of analytical services business in May 2015 following strategic review\n \n· New reporting structure - Packaging Machinery and Instrumentation & Tobacco Machinery\n \n· Sales from continuing operations of £87.0m (2014: £87.4m) \n \n· Underlying profit before tax from continuing operations of £3.8m (2014: £5.3m)Statutory profit before tax from continuing operations of £2.0m (2014: £3.9m)\nLoss for the period of £4.1m (2014: £0.3m)\n \n· Underlying earnings per share from continuing operations of 15.1p (2014: 22.4p)\nBasic loss per share of 20.9p (2014: 1.3p)\n \n· Proposed final dividend of 1.5p, taking total for the year to 4.0p (2014: 5.5p)\n \n· Instrumentation & Tobacco Machinery division affected by continuing challenging market conditions \n \n· Packaging Machinery division continued progress with significantly improved sales and profitability\n \nCommenting on the performance and outlook, Dick Hunter, Chief Executive, said:\n \n\"The Group's results are in line with market expectations. The performance of the Packaging Machinery division was pleasing, with strong sales growth and significantly increased profits, but the challenges within the geopolitical environment and general market sector continued to impact the Instrumentation & Tobacco Machinery division.\n \nThe Board is mindful of the challenges being faced in 2016, which we anticipate...