Summary
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|
6 months to 30 September 2021 |
6 months to 30 September 2020 |
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|
£'000 |
£'000 |
|
|
|
|
|
Revenue |
110,785 |
85,352
|
|
Profit before tax
|
2,295 |
1,414 |
|
Underlying EBITDA (see note 1 below) |
3,950 |
3,218 |
|
|
|
|
|
Underlying profit before tax (see note 1 below) |
2,396 |
1,534 |
|
|
|
|
|
|
Pence |
Pence |
|
|
|
|
|
|
|
|
|
Underlying basic earnings per share |
73.0 |
55.9 |
|
|
|
|
|
Basic earnings per share |
69.9 |
52.3 |
|
|
|
|
|
Interim dividend per ordinary share |
7.5 |
– |
Financial and operational review
- Underlying profit before tax of £2.40 million (2020: £1.53 million)
- Profit before tax of £2.30 million (2020: £1.41 million)
- Like-for-like revenue increase for the period of 29% (see note 2 below)
- Underlying basic earnings per share up by 31% to 73.0 pence (2020: 55.9 pence)
- Basic earnings per share up by 34% to 69.9 pence (2020: 52.3 pence)
- Resumption of dividend payment reflecting first half performance
- Net bank borrowings at 30 September 2021 of £8.7 million (2020: £12.2 million)
Simon Caffyn, Chief Executive, commented:
“Our results to September benefited from an unprecedented used car performance. We have also implemented greater operational efficiencies throughout the group and I am proud of the way our operational and support teams have risen to the challenges to deliver this strong performance'”