Dods PLC Reports Audited Consolidated Earnings Results for the Year Ended March 31, 2016
Dods (Group) PLC reported audited consolidated earnings results for the year ended March 31, 2016. For the period, the company’s revenue was £19,620,000 against £18,301,000 a year ago. Operating profit was £1,143,000 against loss of £4,914,000 a year ago. Profit before tax was £1,122,000 against loss of £4,971,000 a year ago. Profit for the year attributable to equity holders of parent company was £1,086,000 against loss of £4,679,000 a year ago. Diluted EPS was 0.32 pence against loss of 1.35 pence a year ago. Net cash from operating activities was £3,495,000 against £1,449,000 a year ago. Acquisition to property, plant and equipment was £108,000 against £73,000 a year ago. Additions to intangible assets were £244,000 against £638,000 a year ago. Adjusted profit attributable to shareholders post tax was £2,256,000 against £449,000 a year ago. Adjusted EBITDA was £3.0 million against £1.2 million a year ago. Adjusted EPS was 0.66 pence against 0.13 pence a year ago. The increase in adjusted EBITDA is a result of top line growth and restructuring initiatives. Initial efficiency plan results are reflected in the increase in gross margin.