Business
Preliminary Results for the year to 31 March 2017
Preliminary Results for the year to 31 March 2017.
About this update from Potter & Moore Plc
[{"type":"text","content":"\n \nRNS Number : 3534J Creightons PLC 28 June 2017 \n\n28 June 2017\n \n \n \nCreightons Plc \n \n \nPreliminary results\n \nCreightons Plc (the \"Group\" or \"Creightons\") is pleased to announce its preliminary results for the year ended 31 March 2017.\n \n \nFinancial highlights\n \n· Revenue increased by 45.7% to £30.6m (2016: £21.0m)*.\n· Operating profit increased by 171% to £1,513,000 (2016: £558,000)*.\n· Operating profit margin of 4.9% (2016 2.7%)*.\n· Cash generated £1.2m (2016: £0.9m).\n· Diluted EPS 1.88p (2016: 0.84p)**.\n· Proposed final dividend 0.23p per ordinary share (2016: No dividend).\n \n* Continuing operations.\n** Pre exceptional items.\n \n \nOperational highlights\n \n· Sales from contract business increased by 210%.\n· Export sales growth of 62%.\n· Sales of Branded products increased by 16%.\n· New multiple and internet retailers. \n· Increased range of channels from value to premium market.\n· Successful integration of acquired production capability and capacity.\n· Extended product range.\n· Mitigation of raw material costs increase through group-wide procurement.\n· Key sector Beauty Awards: \"Beauty Shortlist\", \"Hair\" and \"Janey Loves\"\n \n \n \nCommenting on the results, William McIllroy, Chairman of Creightons Plc, said:\n\"Creightons Plc ends the reporting period with an enhanced production capability now able to support innovation, design, development and production across the spectrum from value to premium market. We believe this, with the increased production capacity, strengthens and improves the resilience of the business and will ensure the Group is well positioned to sustain profitable operations and to continue to seize new opportunities as they emerge in a consolidating market.\" \n \nCommenting on the results, Bernard Johnson, Managing Direc...