Business
Final Results for the year ended 30 June 2021
Final Results for the year ended 30 June 2021.
About this update from Pipehawk Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 1328R\n PipeHawk PLC\n 03 November 2021\n \n \n \n \n This announcement contains inside information as stipulated under the Market Abuse Regulations (EU) no. 596/2014 \n (which forms part of domestic UK law pursuant to the European Union (Withdrawal) Act 2018)\n \n \n \n \n (\"MAR\"). With the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.\n \n \n \n \n \n \n \n \n 3 November 2021\n \n \n \n \n \n PipeHawk plc\n \n \n (\"PipeHawk\", \"Company\" or the \"Group\")\n \n \n \n \n \n Final Results for the year ended 30 June 2021\n \n \n \n \n \n Highlights\n \n \n \n \n \n - Turnover of £6.7 million, a decrease of 19.3% (2020: £8.3 million)\n \n \n \n \n \n - Profit before tax of £79,000, a decrease of 84.2% (2020: £194,000)\n \n \n \n \n \n - Earnings per share of 1.50p, down 11.91% (2020: 1.69p)\n \n \n \n \n \n - \n QM Systems has experienced its strongest quarter ever in terms of profitability during the final quarter of the financial year\n \n \n \n \n \n \n \n \n Chairman's Statement\n \n \n \n \n \n I am pleased to report that the Group made an operating profit in the year of £257,000 (2020: £405,000), a profit before taxation for the year of £79,000 (2020: £194,000) and a profit after taxation of £522,000 \n (2020: £590,000) despite \n turnover decreasing by 19.3%\n \n to £6.7 million (2020: £8.3 million) \n in what has been a challenging period with the ongoing Covid-19 pandemic.\n The earnings per share for the year was 1.50p (2020: 1.69p). \n \n \n \n \n \n This year has been very much a year of two halves, the first six months was a turnover of £2.6 million and a pretax loss of £336,000, the second six months saw a turnover of £4.1 million and a pretax profit of £415,000. I think there is a feeling that we, as a nation, have put behind us the uncertainty of the outcome of Brexit as exacerbated by how best to tackle the global pandemic, and now see a way forward; there will be slip-ups and setbacks but, broadly speaking, confidence has now returned and we can get on with business in whatever the new normal turns out to be. Certainly, the PipeHawk Group's second six ...