Andy Church Servoca PLC LON:SVCA, CEO, commented “As indicated in our recent trading update, we are pleased to report that results for the first half are significantly ahead of the same period last year. The Group continues to achieve substantial growth and our performance is benefitting from our diversified business mix. The Group operates in six distinct markets and revenues in each one were ahead of the corresponding period last year. Performance in the first half leaves the Group well placed to deliver against full-year expectations.”
Highlights
— Revenue GBP40.93m (2016: GBP34.44m), an increase of 18.8%
— Gross profit GBP9.74m (2016: GBP8.95m), an increase of 8.8%
— EBITDA* GBP1.95m (2016: GBP1.52m), an increase of 28.3%
— Profit before taxation* up 28.6% to GBP1.71m (2016: GBP1.33m)
— Increased revenues in all areas of Group markets
— Basic EPS of 1.10p* (2016: 0.85p), an increase of 29.4%
* before amortisation (GBP0.03m), share based payments (GBP0.03m) and contingent consideration payments (GBP0.4m)