Business
Preliminary Announcement for year ended 30/09/2016
Preliminary Announcement for year ended 30/09/2016.
About this update from Titon Holdings Plc
[{"type":"text","content":"\n \nRNS Number : 8302R Titon Holdings PLC 14 December 2016 \n\nTiton Holdings Plc\nPreliminary Announcement for the year ended 30 September 2016\n \nTiton Holdings PLC\n Final results for the year to 30 September 2016\n \nTITON DELIVERS A FOURTH CONSECUTIVE YEAR OF IMPROVED RESULTS\nFinancial Results\n\n\n\n\n \n\n\n2016\n\n\n2015\n\n\n% Change\n\n\n\n\nNet revenue\n\n\n£23.7m\n\n\n£22.3m\n\n\n+6\n\n\n\n\nEBITDA\n\n\n£2.33m\n\n\n£2.13m\n\n\n+9\n\n\n\n\nOperating profit\n\n\n£1.77m\n\n\n£1.56m\n\n\n+13\n\n\n\n\nProfit before tax\n\n\n£2.14m\n\n\n£1.87m\n\n\n+14\n\n\n\n\nEPS \n\n\n15.2p\n\n\n12.6p\n\n\n+21\n\n\n\n\nDPS \n\n\n3.50p\n\n\n3.00p\n\n\n+17\n\n\n\n\n \nFinancial Highlights\n· Group net revenue rose 6.3% to a record £23.7 million (2015: £22.3 million) or an increase of 4.4% on a constant currency basis\n· Profit before tax of £2.14 million, up 14% year-on-year (2015: £1.87m)\n· Earnings per share increased by 21% to 15.2 pence (2015: 12.6 pence)\n· Proposed final dividend of 2.25 pence per share, up 29% (2015: 1.75 pence) making 3.50 pence for the full year, up 17% (2015: 3.00 pence)\n· Net cash of £2.44 million (2015: £2.87 million)\n· Return on capital employed (ROCE)* was 15.1% (2015: 18.2%)\n*ROCE is calculated by dividing EBIT by the sum of shareholders' funds, non-controlling interests and all debt less intangible assets and cash\n \nOperational highlights\n· Continuing to deliver on growth strategy which includes a number of new product launches\n· Improved performance of the UK business\n· South Korea continues to account for the largest share of Group profit before tax although its contribution was little changed year-on-year\n· Good result from Titon Inc. in the US\n· Increased exports to continental Europe and additional resources committed\n· Higher employee numbers, Group Head Office relocated and a key new Non-Executive Director appointed in Kevin Sargeant\n \nPage 1\n \n \n \nTiton Holdings Plc\nPreliminary Announcement for the year ended 30 September 2016\n \nKeith Ritchie, Chairman of Titon, said:\n\"I am delighted to report that for the fourth consec...