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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Sondrel (holdings) Plc | LSE:SND | London | Ordinary Share | GB00BJN54579 | ORD GBP0.001 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.38 | -8.30% | 4.20 | 4.00 | 4.40 | 4.25 | 4.05 | 4.25 | 2,238,842 | 09:09:05 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Cmp Integrated Sys Design | 17.51M | -3.19M | -0.0365 | -1.15 | 3.67M |
From Apr 2019 to Apr 2024
TIDMSND
RNS Number : 0389G
Sanderson Group PLC
24 May 2017
FOR IMMEDIATE RELEASE 24 MAY 2017
SANDERSON GROUP PLC
Interim Results for the six months ended 31 March 2017
"Continued organic growth with both revenue and interim dividend up 10%"
Sanderson Group plc ('Sanderson' or 'the Group'), the software and IT services business specialising in digital retail technology and enterprise software for businesses operating in the manufacturing, wholesale distribution and logistics sectors, announces its interim results for the six month period ended 31 March 2017.
Commenting on the results, Chairman, Christopher Winn, said:
"The Group has made further progress in the first half of the current financial year with revenue and operating profits both increasing during the period. Sanderson has a strong, cash-generative business model and this has enabled the Board to maintain a progressive dividend policy whilst continuing to invest in the further development of the Group's businesses. I am pleased to report that the Board is declaring an increase of 10% in the interim dividend to 1.1 pence per share (2016: 1.0 pence)."
Highlights - Financial
Hot Features
Premium
-- Revenue increased by over 10% to GBP10.90 million (2016: GBP9.86 million).
-- Pre-contracted recurring revenues of GBP5.40 million (2016: GBP5.19 million), representing approximately 50% of
total revenue.
-- Operating profit* increased by 5% to GBP1.55 million (2016: GBP1.47 million).
-- Basic earnings per share of 1.6 pence (2016: 1.7 pence).
-- **Adjusted, basic earnings per share of 2.4 pence (2016: 2.3 pence).
-- Net cash at the half year end of GBP4.51 million (March 2016: GBP3.39 million).
-- Interim dividend up 10% to 1.1 pence per share (2016: 1.0 pence).
* Operating profit is stated before amortisation of acquisition-related intangibles, share-based payment charges and acquisition-related costs.
** Adjusted for amortisation of acquisition-related intangibles, share-based payment charges and acquisition-related costs
Highlights - Operational
-- Sales order intake remained strong during the period of GBP5.81 million (2016: GBP6.02 million).
-- Order book of GBP2.78 million at period-end (2016: GBP3.20 million) is well-balanced across the Group's
businesses.
-- Sales order intake of the Digital Retail division grew by almost 50% and revenue by 20%.
-- Continued investment in product development, sales and marketing across the Group with particular emphasis on
proprietary solutions using mobile technologies.
-- Board change: By mutual agreement, Mr Adrian Frost, who has been with the Group since 2000 and has served as
Group Finance Director since 2005, will be leaving the Group, later in the year.
On current trading and prospects, Group Chief Executive, Ian Newcombe, added:
"The Group's well-developed business model is to foster long-term customer relationships which result in a high proportion of sales arising from pre-contracted recurring revenue, complemented by incremental sales to its large, well established and growing customer base.
Sanderson continued to achieve a good level of business from both new as well as existing customers during the period. The Board continues to be cautious in its future planning, but notwithstanding any potential uncertainty which may result from the forthcoming Brexit negotiations, the good order book, healthy balance sheet, strong reputation and track record provide a good level of confidence that the Group will continue to make further progress and deliver trading results in line with market expectations for the current year ending 30 September 2017."
Enquiries:
Christopher Winn, Chairman 0333 123 1400
Ian Newcombe, Group Chief Executive
Adrian Frost, Finance Director
020 7496
Mark Taylor/James White 3000
N+1 Singer (Nominated Adviser and
Broker)
Paul Vann, Walbrook PR Limited 0117 985 8989
This announcement contains inside information for the purposes of Article of EU Regulation 596/2014
SANDERSON GROUP PLC
Interim Results for the six months ended 31 March 2017
CHAIRMAN'S STATEMENT
Sanderson Group plc ('Sanderson' or 'the Group'), the software and IT services business specialising in digital retail technology and enterprise software for businesses operating in the manufacturing, wholesale distribution and logistics sectors, announces its interim results for the six month period ended 31 March 2017.
Financial results
The Group has made further progress during the period with revenue increasing by over 10% to GBP10.90 million (2016: GBP9.86 million) and operating profit* rising to GBP1.55 million (2016: GBP1.47 million). Gross margin remained high at 82% (2016: 86%), albeit slightly lower than the comparable period last year, reflecting the initial roll-out and installation of network, communications and hardware infrastructure necessary for the deployment of Sanderson solutions at new customer sites. Recurring revenues from pre-contracted licence and ongoing support services grew to GBP5.40 million (2016: GBP5.19 million) representing approximately 50% of total revenue in the period. Operating expenses increased by approximately GBP0.55 million as the Group continues to invest in its management, sales and delivery capacity in expectation of further and continued growth in the digital retail market. The Group order book at the period end was good and stood at a better balanced and more manageable level across the Group's businesses at GBP2.78 million (2016: GBP3.20 million). This compares with GBP3.02 million at the previous financial year-end on 30 September 2016.
The Board remains committed to pursuing a growth strategy based upon a conservative financing policy, the cornerstone of which is a strong balance sheet. Sanderson has an established history of converting substantially all of its profit to cash and at 31 March 2017, the Group's net cash balance was GBP4.51 million (2016: GBP3.39 million).
Dividend
The Board remains committed to maintaining a progressive dividend policy and is pleased to declare a further increase of 10% in the level of the interim dividend to 1.1 pence per share (2016: 1.0 pence). The dividend will be paid on 18 August 2017 to shareholders on the register at the close of business on 4 August 2017.
Strategy
The strategy of the Board is to achieve sustained growth by continuing to build and to develop the Sanderson business. Whilst investment is planned across all of the Group's businesses, particular emphasis will continue to be placed on enhancing the range of mobile and ecommerce solutions in Digital Retail and on further strengthening the Group's proposition in its Enterprise Software division, especially in Food and Drink processing. Sanderson has enjoyed considerable success and has built a strong reputation over a number of years, within the wholesale distribution market where further investment is planned together with complementary products covering the logistics, fulfilment and supply chain market areas. Mobile solutions continue to be developed to address all of the Group's target markets.
In order to augment organic growth, selective acquisition opportunities are under continued consideration and a number of potential opportunities are currently being developed. Management adopts a careful and measured approach to acquisitions and cautiously considers any risks which might be involved. The Board remains focused upon further increasing shareholder value by continuing to deliver both organic and acquisitive growth, achieving 'on target' results, increased earnings, maintaining good cash generation and a robust balance sheet. This enables the Board to maintain progressive dividend returns to shareholders.
Board change
By mutual agreement, Mr Adrian Frost, who has been with the Group since 2000 and has served as Group Finance Director since 2005, will be leaving the Group, later in the year. The Board would both like to thank Adrian for his contribution to the growth and development of Sanderson, as well as, to wish him all the best for the future.
Management and staff
Sanderson staff have a high level of experience and specialist expertise in the market sectors which the Group addresses. On behalf of the Board, I would again like to thank everyone for their hard work, support, dedication and contribution to the ongoing development of the Group.
Christopher Winn
Chairman
24 May 2017
SANDERSON GROUP PLC
Interim Results for the six months ended 31 March 2017
GROUP CHIEF EXECUTIVE'S BUSINESS REVIEW
The target market for Sanderson products and services primarily comprises small and medium-sized enterprises. The Group's well-developed business model is to foster long-term customer relationships which result in a high proportion of sales arising from pre-contracted recurring revenue, complemented by incremental sales to its strong, well established and growing customer base. This steady business stream usually accounts for around 90% of Group revenues. Sanderson proprietary software is developed in anticipation of technological developments and in conjunction and collaboration with its large customer base. Sanderson proprietary software is marketed and sold under licence with all sales, marketing, delivery, support and services being carried out by the Group's own expert staff.
Group business solutions are developed and marketed in order to provide customers with 'value for money' IT systems, designed to offer timely and tangible business benefits. These solutions typically enable customers to increase revenue whilst also achieving additional efficiencies by making and maintaining cost savings, both often achieved within twelve months of implementation. The Group continues to both invest in the development of its software products and services, as well as in increasing its sales and marketing capacity and capability. Particular emphasis has been placed on the Sanderson businesses specialising in the UK food and drink processing, wholesale distribution sectors and especially, in the market for digital retail solutions with the development of mobile and ecommerce solutions. These solutions enable retailers to capitalise on the significant growth arising from the widespread adoption of smartphones and tablets and to exploit 'mobile' as a sales channel that is fully integrated with existing business systems. Reflecting both prior and continuing investment in the Group's sales and marketing function, following a record half year in 2016, when ten new customers generated orders to the value of GBP2.08 million, Sanderson continued to achieve a high level of sales order intake during the period of GBP5.81 million (2016: GBP6.02 million; 2015: GBP4.94 million; 2014: GBP4.24 million) and eight new customers contributed orders to the value of GBP0.95 million in the period.
Review of Digital Retail division
Sanderson provides comprehensive IT solutions to businesses operating in the ecommerce, mobile commerce and retail sectors of the UK. Mobile enablement and deployment continues to be a key business driver in this market sector with increasing levels of business activity.
Revenue increased by 20% to GBP3.54 million (2016: GBP2.95 million), whilst operating profits* of GBP0.34 million (2016: GBP0.33 million) reflect the planned further investment in management, sales and delivery capacity in anticipation of continued growth within the digital retail market. Sales order intake grew by almost 50% compared with the comparable period last year. Demand from existing customers for the Group's latest release of its ecommerce solution continued to grow with sales orders gained from a number of customers including Axminster Tool Centre Limited and Joe Browns. The mobile solutions business continue to benefit from increased demand for additional roll-out and implementation of its in-store sales solutions for its existing customers, such as Superdry, in a number of their UK and European retail outlets. Additional in-store mobile solutions were installed at Lifestyle Sports in Ireland. The fully integrated 'connected retail' solution enables retail customers to order anywhere, on any device, using any payment method and to have their order delivered wherever they choose.
The period end order book stood at GBP0.84 million (2016: GBP0.78 million) and with a number of good sales prospects, active pilot schemes and strengthening partnerships with existing customers, the Digital Retail business is well-positioned to take advantage of continued growth in this market.
Review of Enterprise Software division
The Enterprise Software division of Sanderson comprises two market-focused businesses which are focused upon the manufacturing sector and the wholesale distribution and logistics sectors. Divisional revenue and operating profit* increased to GBP7.36 million (2016: GBP6.92 million) and GBP1.21 million (2016: GBP1.15 million) respectively. The Enterprise division now has a good order book which, is better balanced over the different businesses and at period end, was valued at GBP1.93 million (2016: GBP2.42 million). The priority remains on delivering a significant proportion of these orders before the end of the current financial year.
Enterprise - Manufacturing
Businesses in the engineering, plastics, aerospace, electronics, print ('general manufacturing') and food and drink processing sectors represent the main areas of specialisation for Sanderson in manufacturing markets. Sanderson continues to invest in product development and in its sales and marketing capability. Traceability of products and ingredients through the food manufacturing and supply chain and the assurance of product compliance with the latest regulatory standards continue to be strong features of the Group's solution; these are key requirements for businesses operating in the food and drink processing industry.
The Manufacturing business gained four new customers during the period (2016: five new customers), including Tomlinsons Dairies Limited, at an average order value of GBP143,000. Revenue for the period was GBP3.15 million (2016: GBP3.25 million). Recurring revenue represents 59% of total divisional revenue and covers over three-quarters of divisional overheads.
Enterprise - Wholesale Distribution and Logistics
The Group has expanded the application of Sanderson solutions for the wholesale distribution, cash and carry and fulfilment sectors into the specialist warehousing, logistics and supply chain market sectors. Four new customers were gained during the period, including H B Clark & Co and Andertons Music Company. This compares with five new customers in the comparative period of 2016. Large orders from existing customers included Tottenham Hotspur and Clipper Logistics plc. Revenue increased by 15% to GBP4.21 million (2016: GBP3.66 million).
Outlook
We continue to be measured in our business approach, sensitive to market conditions and endeavour to monitor the general economic climate and environment. The general economic environment still seems good, but there does seem to be a slightly more considered approach from some customers. Sales cycles often remain protracted, particularly where big projects are being considered especially by larger customers. The Group continued to achieve a good level of business from both new as well as existing customers during the period. The Board continues to be cautious in its future planning, but notwithstanding any potential uncertainty which may result from the forthcoming Brexit negotiations, the good order book, healthy balance sheet, strong reputation and track record provide a good level of confidence that the Group will continue to make further progress and deliver trading results in line with market expectations for the current year ending 30 September 2017.
Ian Newcombe
Group Chief Executive
24 May 2017
* Operating profit is stated before amortisation of acquisition-related intangibles, share-based payment charges and acquisition-related costs.
CONSOLIDATED INCOME STATEMENT
Note Unaudited Unaudited Audited
six months six months year to
to 31/03/17 to 31/03/16 30/09/16
GBP000 GBP000 GBP000
Revenue 2 10,900 9,860 21,320
Cost of sales (1,912) (1,359) (3,399)
------------ ------------ ---------
Gross profit 8,988 8,501 17,921
Other operating expenses (7,877) (7,327) (14,895)
------------ ------------ ---------
Results from operating
activities 2 1,111 1,174 3,026
Results from operating
activities before adjustments
in respect of the following: 2 1,552 1,474 3,686
Amortisation of acquisition-related
intangibles (246) (258) (513)
Acquisition related costs (175) - (62)
Share-based payment charges (20) (42) (85)
------------ ------------ ---------
Results from operating
activities 2 1,111 1,174 3,026
Net finance expense (91) (84) (153)
Acquisition-related finance
expense (6) (61) (92)
------------ ------------ ---------
Profit before taxation 1,014 1,029 2,781
Taxation (141) (91) (354)
------------ ------------ ---------
Profit for the period
attributable to equity
holders of the parent 873 938 2,427
============ ============ =========
Earnings per share
From profit attributable
to the owners of the
parent undertaking during
the period
Basic earnings per share 31.6p 1.7p 4.4p
Diluted earnings per
share 31.5p 1.7p 4.3p
==== ==== ====
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
Unaudited Unaudited Audited
six months six months year to
to 31/03/17 to 31/03/16 30/09/16
GBP000 GBP000 GBP000
Profit for the period 873 938 2,427
Other comprehensive
income/(expense)
Items that will not
subsequently be reclassified
to profit or loss
Remeasurement of net
defined benefit liability - - (3,678)
Deferred taxation effect
of defined benefit pension
plan items - - 568
------------- ------------- ----------
- - (3,110)
Items that will subsequently
be reclassified to profit
or loss
Change in the fair value
of available for sale
financial asset (4) 2 19
Foreign exchange translation
differences (15) (63) 31
Total comprehensive
income/(expense) for
the period 854 877 (633)
------------- ------------- ----------
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
Unaudited Unaudited Audited
as at as at as at
31/03/17 31/03/16 30/09/16
GBP000 GBP000 GBP000
Non-current assets
Intangible assets 30,316 30,502 30,473
Property, plant & equipment 543 528 524
Deferred tax asset 1,645 1,311 1,755
Investments 150 - -
---------- ---------- ----------
32,654 32,341 32,752
---------- ---------- ----------
Current assets
Inventories 30 98 20
Trade and other receivables 5,496 5,534 7,032
Current tax - - -
Other short-term financial
assets 205 192 209
Cash and cash equivalents 4,509 3,386 4,344
---------- ---------- ----------
10,240 9,210 11,605
---------- ---------- ----------
Current liabilities
Trade and other payables (3,361) (3,871) (4,570)
Deferred consideration (102) (201) (155)
Current tax liabilities (374) (83) (337)
Deferred income (5,044) (4,827) (5,270)
---------- ---------- ----------
(8,881) (8,982) (10,332)
---------- ---------- ----------
Net current assets 1,359 228 1,273
Total assets less current
liabilities 34,013 32,569 34,025
Non-current liabilities
Deferred tax liabilities (749) (936) (824)
Deferred consideration (110) (160) (115)
Pension and other employee
obligations (8,066) (4,539) (8,155)
(8,925) (5,635) (9,094)
---------- ---------- ----------
Net assets 25,088 26,934 24,931
---------- ---------- ----------
Equity
Called-up share capital 5,500 5,480 5,485
Share premium 9,094 9,048 9,056
Available for sale reserve 75 62 79
Foreign exchange reserve (71) (150) (56)
Retained earnings 10,490 12,494 10,367
---------- ---------- ----------
Total equity 25,088 26,934 24,931
---------- ---------- ----------
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
For the six month period to 31 March 2017
Share Share Other Retained Total
capital premium reserves earnings equity
GBP000 GBP000 GBP000 GBP000 GBP000
At 1 October 2016 5,485 9,056 23 10,367 24,931
Exercise of share options 15 38 - - 53
Dividend paid - - - (770) (770)
Share-based payment
charge - - - 20 20
Transactions with owners 15 38 - (750) (697)
--------- --------- ---------- ---------- --------
Profit for the period - - - 873 873
Other comprehensive
income:
Foreign exchange translation
difference - - (15) - (15)
Change in market value
of short-term financial
asset - - (4) - (4)
Total comprehensive
expense - - (19) 873 854
--------- --------- ---------- ---------- --------
At 31 March 2017 5,500 9,094 4 10,490 25,088
--------- --------- ---------- ---------- --------
For the six month period to 31 March 2016
Share Share Other Retained Total
capital premium reserves earnings equity
GBP000 GBP000 GBP000 GBP000 GBP000
At 1 October 2015 5,460 9,023 (27) 12,171 26,627
Exercise of share options 20 25 - - 45
Dividend paid - - - (657) (657)
Share-based payment
charge - - - 42 42
--------- --------- ---------- ---------- --------
Transactions with owners 20 25 - (615) (570)
--------- --------- ---------- ---------- --------
Profit for the period - - - 938 938
Other comprehensive
income:
Foreign exchange translation
difference - - (63) - (63)
Change in market value
of short-term financial
asset - - 2 - 2
--------- --------- ---------- ---------- --------
Total comprehensive
expense - - (61) 938 877
--------- --------- ---------- ---------- --------
At 31 March 2016 5,480 9,048 (88) 12,494 26,934
--------- --------- ---------- ---------- --------
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (continued)
For the year ended 30 September 2016
Share Share Other Retained Total
capital premium reserves earnings equity
GBP000 GBP000 GBP000 GBP000 GBP000
At 1 October 2015 5,460 9,023 (27) 12,171 26,627
Exercise of share
options 25 33 - - 58
Dividend paid - - - (1,206) (1,206)
Share-based payment
charge - - - 85 85
Transactions with
owners 25 33 - (1,121) (1,063)
--------- --------- ---------- ---------- ---------
Profit for the year - - - 2,427 2,427
Other comprehensive
income:
Remeasurement of net
defined benefit liability - - - (3,678) (3,678)
Deferred tax on above - - - 568 568
Foreign exchange translation
differences - - 31 - 31
Change in fair value
of available for sale
financial asset - - 19 - 19
--------- --------- ---------- ---------- ---------
Total comprehensive
income - - 50 (683) (633)
--------- --------- ---------- ---------- ---------
At 30 September 2016 5,485 9,056 23 10,367 24,931
--------- --------- ---------- ---------- ---------
CONSOLIDATED STATEMENT OF CASH FLOWS
Unaudited
six Unaudited Audited
months six months year to
to 31/03/17 to 31/03/16 30/09/16
Note GBP000 GBP000 GBP000
Profit for the period 873 938 2,427
Adjustments for:
Depreciation and amortisation 669 596 1,225
Share-based payment charges 20 42 85
Net finance expense 97 145 245
Income tax expense 141 91 354
============= ============= ==========
Operating cash flow from
continuing operations before
working capital movements 1,800 1,812 4,336
Movement in working capital (5) (179) (362)
============= ============= ==========
Cash generated by continuing
operations 1,795 1,633 3,974
Income tax paid - - -
Payments to defined benefit
pension scheme (180) (180) (330)
Net cash from operating
activities 1,615 1,453 3,644
------------- ------------- ----------
Investing activities
Purchases of property,
plant & equipment (134) (127) (254)
Investment in unlisted (150) - -
company
Deferred consideration
paid (62) (1,538) (1,660)
Dividend received - - 15
Bank interest received - 6 12
Expenditure on product
development (387) (403) (872)
============= ============= ==========
Net cash received used
in investing activities (733) (2,062) (2,759)
============= ============= ==========
Financing activities
Equity dividends paid 4 (770) (657) (1,206)
Issue of shares, net of
costs 53 45 58
Settlement of share options - - -
Net cash used in financing
activities (717) (612) (1,148)
============= ============= ==========
Increase/(decrease)/in
cash and cash equivalents 165 (1,221) (263)
Cash and cash equivalents
at start of the period 4,344 4,607 4,607
Cash and cash equivalents
at end of the period 4,509 3,386 4,344
------------- ------------- ----------
NOTES TO THE INTERIM RESULTS
1. Basis of preparation
The Group's interim results for the six month period ended 31 March 2017 are prepared in accordance with the Group's accounting policies which are based on the recognition and measurement principles of International Financial Reporting Standards ('IFRS') as adopted by the EU and effective, or expected to be adopted and effective, at 30 September 2017. As permitted, this interim report has been prepared in accordance with the AIM rules and not in accordance with IAS34 'Interim financial reporting'.
These interim results do not constitute full statutory accounts within the meaning of section 434(5) of the Companies Act 2006 and are unaudited. The unaudited interim financial statements were approved by the Board of Directors on 23 May 2017.
The consolidated financial statements are prepared under the historical cost convention as modified to include the revaluation of financial instruments. The statutory accounts for the year ended 30 September 2016, which were prepared under IFRS, have been filed with the Registrar of Companies. These statutory accounts carried an unqualified Auditors' Report and did not contain a statement under either Section 498(2) or (3) of the Companies Act 2006.
2. Segmental reporting
The Group is managed as two separate divisions: Enterprise Software and Digital Retail. Substantially all revenue is generated within the UK.
Enterprise Digital Retail Total
Six Six Year Six Six Year Six Six Year
months months Ended months months Ended months months Ended
31/03/17 31/03/16 30/09/16 31/03/17 31/03/16 30/09/16 31/03/17 31/03/16 30/09/16
GBP000 GBP000 GBP000 GBP000 GBP000 GBP000 GBP000 GBP000 GBP000
--------- --------- ---------- --------- --------- --------- --------- --------- ---------
Revenue 7,363 6,915 14,922 3,537 2,945 6,398 10,900 9,860 21,320
--------- --------- ---------- --------- --------- --------- --------- --------- ---------
Operating
profit
before
adjustments* 1,208 1,146 2,801 344 328 885 1,552 1,474 3,686
--------- --------- ---------- --------- --------- --------- --------- --------- ---------
Amortisation (113) (125) (247) (133) (133) (266) (246) (258) (513)
Share-based
payment (7) (16) (32) (13) (26) (53) (20) (42) (85)
Acquisition-
related
costs (175) - (62) - - - (175) - (62)
--------- --------- ---------- --------- --------- --------- --------- --------- ---------
Operating
profit 913 1,005 2,460 198 169 566 1,111 1,174 3,026
--------- --------- ---------- --------- --------- ---------
Net finance
expense (97) (145) (245)
--------- --------- ---------
Profit before tax;
continuing operations 1,014 1,029 2,781
--------- --------- ---------
* Adjustments to operating profit in respect of amortisation of acquisition-related intangibles, share-based payment charges and acquisition-related costs.
3. Earnings per share
Audited
Unaudited Unaudited year
six months six months to
to 31/03/17 to 31/03/16 30/09/16
GBP000 GBP000 GBP000
Earnings:
Result for the period from
continuing operations 873 938 2,427
Amortisation of acquisition-related
intangibles 246 258 513
Share-based payment charges 20 42 85
Acquisition-related costs 175 - 62
Adjusted profit for the
period from continuing
operations 1,314 1,238 3,087
============ ============ =========
Number of shares: Audited
Unaudited Unaudited year
six months six months to
to 31/03/17 to 31/03/16 30/09/16
No. No. No.
In issue at the start of
the year 54,851,985 54,600,550 54,600,550
Effect of shares issued
in the period 102,058 81,658 173,846
Weighted average number
of shares at period end 54,954,043 54,682,208 54,774,396
Effect of share options 2,375,114 1,626,719 1,520,615
Weighted average number
of shares (diluted) 57,329,157 56,308,927 56,295,011
============ ============ ==========
Earnings per share: Audited
year
Unaudited Unaudited to
six months six months
to 31/03/17 to 31/03/16 30/09/16
(pence) (pence) (pence)
Total attributable to equity
holders of the parent undertaking:
Basic 1.6 1.7 4.4
Diluted 1.5 1.7 4.3
------------- ------------- ---------
Earnings per share, adjusted,
from continuing operations:
Basic 2.4 2.3 5.6
Diluted 2.3 2.2 5.5
--- --- ---
4. Equity dividends paid
Audited
Unaudited Unaudited Year
Six months Six months to
to 31/03/17 to 31/03/16 30/09/16
GBP000 GBP000 GBP000
Interim dividend - - 549
Final dividend 770 657 657
------------- ------------- ----------
Total dividend paid in
period 770 657 1,206
------------- ------------- ----------
5. Interim report
The Group's interim report will be sent to the Company's shareholders. This report will also be available from the Company's registered office and on the Company's website www.sanderson.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
IR EAASDAFXXEAF
(END) Dow Jones Newswires
May 24, 2017 02:01 ET (06:01 GMT)
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