Coronavirus Update

F.W. Thorpe Plc - Final Results ended 30 June 2020

This content has been sourced from: https://www.investegate.co.uk/thorpe-f-w---plc/rns...

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