Business
2019 Interim Statement
2019 Interim Statement.
About this update from Titon Holdings Plc
[{"type":"text","content":"\n \nRNS Number : 0203Z Titon Holdings PLC 15 May 2019 \n\nLEI: 213800ZHXS8G27RM1DD7\n15 May 2019\nTiton Holdings PLC\nUnaudited interim results for the six months to 31 March 2019\nTiton Holdings Plc (\"Titon\", the \"Group\" or the \"Company\"), a leading international manufacturer and supplier of ventilation systems and window and door hardware, today announces its Interim Results for the six months ended 31 March 2019.\n Financial Results\n\n\n\n\n \n\n\nSix months ended 31 March 2019\n\n\nSix months ended 31 March 2018 (restated)*\n\n\n% Change\n\n\n\n\nNet revenue\n\n\n£14.29m \n\n\n£14.24m\n\n\n-\n\n\n\n\nUnderlying EBITDA1\n\n\n£1.35m\n\n\n£1.05m\n\n\n+29%\n\n\n\n\nEBITDA\n\n\n£1.17m\n\n\n£1.05m\n\n\n+12%\n\n\n\n\nUnderlying profit before tax1\n\n\n£1.30m\n\n\n£1.04m\n\n\n+26%\n\n\n\n\nProfit before tax \n\n\n£1.12m\n\n\n£1.04m\n\n\n+8%\n\n\n\n\nUnderlying earnings per share1\n\n\n8.69p\n\n\n7.25p\n\n\n+20%\n\n\n\n\nInterim dividend per share\n\n\n1.75p\n\n\n1.75p\n\n\n-\n\n\n\n\n \nFinancial highlights\n· Underlying EBITDA increased 29% to £1.35 million\n· Underlying profit before tax rose 26% to £1.30 million\n· Underlying earnings per share (\"EPS\") were 20% higher at 8.69 pence\n· Interim dividend is maintained at 1.75 pence per share\n· Net cash of £3.84 million (2018: £2.74 million)\n· Return on net assets (\"RONA\") 2 was 19.9% (2018: 16.3%)\n \nOperational highlights\n· South Korea's profit before tax increased 21% to £0.9 million; and it remains the Group's largest income generator\n· Strong sales growth in mechanical ventilation systems in the UK and Continental Europe\n· Revenue in the US rose 55% to £0.5 million\n· The mechanical ventilation product range for the UK and Continental Europe was expanded in the period, including a new mechanical vent...