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25th June 2007
Supporta plc has once again delivered a fantastic set of financial results.
Chairman Clive Grace, commented on impressive preliminary results for the year ended 31 March 2007: 'Supporta has once again delivered an outstanding set of financial results. In addition to achieving record operating profits we have delivered 48% growth in adjusted earnings per share. The prospects for the group continue to be encouraging. Supporta Care has grown strongly, and new acquisitions have strengthened our property offerings. The services we provide are core to the communities we serve. I am immensely proud of the professionalism which Supporta staff demonstrate every day in delivering quality services to all of our customers.
A summary of our results can be seen below. For more information click on this link and review the announcement 'Final Results 25/06/07'.
Highlights of the year
Turnover increased by 69% to £49.09m (2006: £29.10m)
Operating profit* increased by 83% to £4.32m. (2006: £2.36m)
Profit before tax* increased by 69% to £3.27m. (2006: £1.94m)
Adjusted basic earnings per share* grew by 48% to 4.60p. (2006:3.11p)
Net cash inflow from operating activities up 204% to £3.43m (2006:£1.13m)
The trading divisions contributed to operating profit as follows:
- Care growing 160% to £2.94m (2006: £1.13m)
- Professional Services growing 21% to £3.38m (2006: £2.80m)
Order book including anticipated revenue from framework contracts increased by 31% to £81m (2006: £62m)
Increase in banking facilities from £19.00m to £31.88m
Three key strategic acquisitions completed and performing to expectations
Reorganisation of group into two divisions, including disposal of the payroll business subsequent to the year end
Loss for the period of £4.22m (2006: £0.09m) after charging amortisation of goodwill and intangible assets of £2.32m (2006: £1.39m) and exceptional items of £4.81m (2006: £0.29m)
* before share based payment charge, exceptional items, goodwill amortisation and impairment.
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