Financial highlights:
- Revenue up 30% to 210.0m (2011: 161.7m) reflecting continued strong organic growth
- Profit before tax up 8.7% to 12.1m (2011: 11.1m)
- Earnings per share up 9.8% to 13.5p (2011: 12.3p)
- Interim dividend increased by 30% to 13p per share (2011: 10p)
Operating highlights:
- Total services supplied up by 107,722 to 1,488,745
- Customer numbers up by 22,657 to 438,146
- Further growth in average services per residential Club member to 3.72 (2011: 3.53)
- Continuing improvement in customer quality
- Autumn sales conferences attended by over 4,000 distributors
Commenting on today's results, Andrew Lindsay, Chief Executive, said:
"I am very pleased by the continuing strong momentum being demonstrated by the business; we have now seen five consecutive quarters in which service numbers have grown by more than 50,000.
This consistency in the rate of organic growth has been accompanied by a steady improvement in the quality of our customers, with over 55% of new members joining during the period taking at least four major services.
The Board has expressed confidence that we will deliver record turnover, profits and earnings per share for the full year; this is reflected in the 30% increase we are making in our interim dividend payment and in our intention to pay a total dividend of 31p for the full year."
