Business
Full Year Results
Full Year Results.
About this update from Ms International Plc
[{"type":"text","content":"\n MS International PLC\n27 June 2006\n\n\n\nDate: Under embargo until 7.00am - Tuesday 27th June, 2006\n\nContacts: Michael Bell, Executive Chairman, MS INTERNATIONAL plc\n Tel: 01302 322133\n\n Terry Garrett, Weber Shandwick Square Mile\n Tel: 0207 067 0700\n\n\n MS INTERNATIONAL plc\n Full Year Results to 29th April, 2006\n\n\n HIGHLIGHTS\n\n• All three operating divisions increased revenues and profitability\n• Turnover £44.44m (2005 - £38.24m)\n• Pre-tax profits £3.81m (2005 - £3.19m)\n• Earnings per share 15.0p (2005 - 12.4p)\n• Cash at bank £5.19m (2005 - £1.01m)\n• Forward order book at record levels\n• Final dividend 2.20p (2005 - 1.65p) per share making a total of 2.78p \n (2005 - 2.15p)\n\n\n\nMichael Bell, Executive Chairman, comments:-\n\n'It is pleasing to report another year of good progress and growth for the\nGroup, reflected in higher revenues, improved profits and earnings per share,\nstrong cash inflow and a record forward order book'. Chairman's Statement\n\nResults and review\n\nIt is pleasing to report another year of good progress and growth for the Group,\nreflected in higher revenues, improved profits and earnings per share, strong\ncash inflow and a record forward order book.\n\nFor the year ended 29 April 2006, the Group profit before taxation amounted to\n£3.81m (2005-£3.19m) on sales of £44.44m (2005-£38.24m). Earnings per share were\n15.0p (2005-12.4p).\n\nThe balance sheet is in good shape and in particular the Group's net cash\nincreased to £5.19m (2005-£1.01m). During the year the Company purchased a total\nof 150,000 MS INTERNATIONAL plc shares for cancellation at a total cost of\n£0.20m.\n\nAll three operating divisions - defence, forgings and petrol station forecourt\nstructures - lifted their respective revenues and profitability above that\nachieved last year.\n\nWe maintained our commitment to investing in the business through capital\ninvestment in contemporary manufacturing plant and equipment - in order to\npreserve and further improve our competitive position in the markets we serve -\nand in product research and development to enhance our sales and marketing\nopportunities in line with market requirements. These comprehensive programmes\nare a significant, positive feature in supporting the expansion of our business.\n\nAt the half-year stage, I reported tha...