RESULTS
FOR THE YEAR ENDED 30 JUNE 2021
FW Thorpe Plc – a 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 2021.
Key points:
|
Continuing operations |
2021 |
2020 |
|
|
|
Revenue |
£117.9m |
£113.3m |
4.0% increase |
|
|
Operating profit (before exceptional item) |
£19.2m |
£16.3m |
17.7% increase |
|
|
Profit before tax (before exceptional item) |
£18.6m |
£15.9m |
16.5% increase |
|
|
Profit before tax |
£20.1m |
£15.9m |
26.3% increase |
|
|
Basic earnings per share |
13.57p |
11.45p |
18.5% increase |
|
· Total interim and final dividend of 5.80p (2020: 5.66p) – an increase of 2.5%
· Final dividend of 4.31p (2020: 4.20p) and special dividend of 2.20p (2020: nil) – last paid in 2016
· Revenue surpassed last year's high – supported by large scale orders and by services
· Operating profit recovered strongly from prior year, no impact from fire at Lightronics
· Profit before tax includes exceptional profit due to insurance claims from the fire of £1.6m
· Net cash generated from operating activities remained strong – £21.9m (2020: £19.4m)
· Solid start to 2021/22, operating performance in line with the start of last year