Northern Bear PLC Proposes Final Dividend for the Fiscal Year 2015, Payable on August 28, 2015; Appoints Neil Jukes as Managing Director of MGM; Announces Unaudited Consolidated Earnings Results for the Year Ended March 31, 2015
The company announced that Neil Jukes has been appointed as Managing Director of MGM in addition to his role as Managing Director of Northern Bear Building Services Limited.
The company announced unaudited consolidated earnings results for the year ended March 31, 2015. For the year, the company's revenue was £41.7 million compared with £36.8 million a year ago. Operating profit was £2.5 million compared with £2.2 million a year ago. Profit before income tax was £1.9 million compared with £1.8 million a year ago. Profit for the year was £1.5 million or 8.4 pence per diluted share compared with £1.3 million or 7.5 pence per diluted share a year ago. Diluted adjusted (pre exceptional and non-recurring expenses) earnings per share was 10.7 pence compared with 7.5 pence a year ago. Net cash flow from operating activities £1.7 million compared with £1.6 million a year ago. Acquisition of property, plant and equipment was £0.71 million compared with £0.44 million a year ago. As on March 31, 2015, the company's net bank debt was £4.8 million.