FW Thorpe Plc
The group of companies that de sign, manufacture and supply professional lighting systems – is pleased to announce its preliminary results for the year ended 30 June 2020.
Key points:
|
Continuing operations |
2020 |
2019 |
|
|
|
Revenue |
£113.3m |
£110.6m |
2.4% increase |
|
|
Operating profit (before profit on disposal of property) |
£16.3m |
£17.6m |
7.5% decrease |
|
|
Profit before tax (before profit on disposal of property) |
£15.9m |
£17.7m |
9.7% decrease |
|
|
Profit before tax |
£15.9m |
£19.6m |
18.5% decrease |
|
|
Basic earnings per share |
11.45p |
13.91p |
17.7% decrease |
|
Total interim and final dividend of 5.66p (2019: 5.53p) – an increase of 2.4%- Revenue surpassed last year's high – supported by SmartScan sales, Famostar and Services
- Results dampened by impact of COVID-19 in last quarter of the financial year and the lower margins for Services
- Net cash generated from operating activities remained strong – £19.4m (2019: £21.6m)
- Solid recovery at the start of 2020/21, operating performance in line with the start of 2019/20