LPA Group plc reported preliminary consolidated earnings results for the year ended September 30, 2016. For the year, the company's revenue was GBP 21,422,000 compared to GBP 16,265,000 a year ago. Operating profit was GBP 1,547,000 compared to GBP 836,000 a year ago. Profit before tax attributable to equity holders of the parent was GBP 1,516,000 compared to GBP 793,000 a year ago. Profit for the year was GBP 1,462,000 compared to GBP 694,000 a year ago. Profit for the year attributable to equity holders of the parent was GBP 1,462,000 compared to GBP 694,000 a year ago. Diluted earnings per share were 11.35 pence compared to 5.48 pence a year ago. Net cash from operating activities was GBP 1,222,000 compared to net cash used in operating activities of GBP 714,000 a year ago. Purchase of property, plant and equipment was GBP 1,294,000 compared to GBP 287,000 a year ago. Net debt decreased by GBP 0.18 million over the year to GBP 2.54 million with gearing falling to 29.2%. Capital expenditure was much increased at GBP 1,294,000 against GBP 287,000 a year ago. Capitalized development expenditure was GBP 11,000 against GBP 45,000 a year ago.


The company announced that subject to shareholder approval at the forthcoming annual general meeting to be held on March 14, 2017, the Board proposed to increase the final dividend to 1.50 pence making a total for the year of 2.50 pence. The dividend, if approved, will be paid on March 24, 2017 to shareholders registered at the close of business on March 3, 2017. The company paid a final dividend of 1.00 pence per share for the same period a year ago.

The company announced that Stephen Brett intends to retire during the coming year and plans for his succession are in place. Per Staehr, who has completed nine years as a non-executive director, also plans to retire in the year 2017.