Aukett interims (but share is not bubbling) (AUK)

AUKETT ASSOCIATES PLC

2000 PRELIMINARY RESULTS ANNOUNCEMENT

For those of you with a vague interest in this architect, herewith the most recent interims (with apologies for formatting).

Aukett seems to be progressing quite well, and looks to me as if has some of the characteristics of Interior Services Group a year or so ago (e.g. good growth stats, high level of repeat business, blue chip clients)

I bought last week at 20, so this stock has joined the miserbale throng of red marks on my portfolio. Condolences will be accepted, but I thought the stock, and the results, looked OK at the time.
Max the Pauper

AUKETT ASSOCIATES PLC

2000 PRELIMINARY RESULTS ANNOUNCEMENT

Pre-tax profits double to £2m; Dividend up 33%; Order book ahead

Aukett Associates PLC ('Aukett'), one of Europe's leading building design
practices, with 15 offices in 10 countries, announces Preliminary Results for
the year ended 30 September 2000.

Financial Highlights
Year ended 30 September 2000 1999 change

Work done, including share of JV's and associate £20.87m £15.41m + 35%
Group work done £18.87m £13.85m + 36%
Profit before tax and exceptional item £2.05m £1.47m + 39%
Exceptional UITF 17 charge - £0.45m
Profit before tax £2.05m £1.02m + 101%
Earnings per share before exceptional item 2.13p 1.60p + 33%
Earnings per share 2.13p 0.97p + 120%
Dividends per share 0.40p 0.30p + 33%
Net assets £3.67m £2.50m + 47%
Net gearing 32% 30%

Commenting on the results, Chairman Andrew Lett said:

'In my first statement as Chairman, I am delighted to report Aukett has had
another successful year. Our principal objective is to become Europe's
premier consultancy in architecture, design and engineering.'

Key Points
* Turnover and profit increased significantly
* Re-branding of Group as Aukett Europe
* Consolidation of geographic spread across Europe
* New sectors identified for future expansion
* Work done in the UK up 19%
* Work done overseas up 107%