These interim results include the recognition of £7.90 million of insurance reimbursements following the flood at Standfast & Barracks of which
- £4.56 million is for exceptional costs and
- £3.33 million is a contribution to loss of profits and exceptional gains for plant and equipment replacement leading to an increased profit before tax of £4.94 million (H1 2015: £2.89 million).
Full production restored at the Standfast & Barracks factory, which is benefiting from new, replacement printing machines including faster, higher capacity digital printers.
Group sales down 8.7% to £41.83 million (H1 2015: £45.83 million).
Adjusted profit before tax after insurance proceeds up 2.7% at £3.78 million (H1 2015: £3.68 million).
Earnings per share up 62.1% at 6.55 pence (H1 2015: 4.04 pence).
Adjusted earnings per share down 13.6% at 4.62 pence (H1 2015: 5.35 pence).
Interim dividend up 25.0% to 0.55 pence per share (H1 2015: 0.44 pence per share).