Vantis, the AIM listed professional services and accountancy group, announces interim results for the six months ended 31 October 2007.
Key points
- Financial information has been prepared in accordance with International Financial Reporting Standards. The comparative amounts have been restated.
- Turnover on continuing operations increased 11% to £46.9m (2006: £42.2m);
- Operating Profit from continuing operations increased 10% to £7.7m (2006: £7.0m);
- Basic earnings per share are 7.52 pence (2006: 8.09p) reflecting the placing in 2007.
- Proposed interim dividend of 1.5 pence per share (2006: 1.5p);
- Cash inflow from operating activities £2.0m (2006: £1.9m);
- Bank interest cover 4.2 times (2006: 4.9 times);
- Strong organic growth in an increasingly challenging market place.
- Further recruitment of high calibre personnel particularly within Core Practice and Tax.
Commenting on outlook, Paul Gourmand, Chairman said:
"The group has continued to perform in line with our expectations in the second half. We remain confident of a successful and progressive outcome to the year.”
View a full copy if the Interim Results for the Six Months Ended 31 October 2007
For further information, please contact:
Paul Jackson, Chief Executive
Paul Ashton, Executive Director, M&A
Vantis plc - 020 7417 0417
Richard Darby/Suzanne Brocks/James Strong
Buchanan Communications - 020 7466 5000