| |
Year Ended
|
| £000 |
30 September 1996 |
|
30 September 1995 |
| |
|
|
|
| TURNOVER |
99,032 |
|
80,691 |
| Cost of sales |
(73,174) |
|
(60,725) |
| |
|
|
|
| GROSS PROFIT |
25,858 |
|
19,966 |
| |
|
|
|
| Operating expenses |
|
|
|
| - Selling & distribution |
(10,150) |
|
(8,424) |
| - Research & development |
(4,030) |
|
(2,757) |
| - Administration |
(5,326) |
|
(4,199) |
| |
(19,506) |
|
(15,380) |
| |
|
|
|
| OPERATING PROFIT |
6,352 |
|
4,586 |
| Net interest receivable |
454 |
|
437 |
| |
|
|
|
| PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION |
6,806 |
|
5,023 |
| Tax on profit on ordinary activities |
(2,246) |
|
(1,658) |
| |
|
|
|
| PROFIT ON ORDINARY ACTIVITIES AFTER TAXATION |
4,560 |
|
3,365 |
| Dividends paid and proposed |
(1,423) |
|
(1,038) |
| |
|
|
|
| RETAINED PROFIT FOR THE YEAR |
3,137 |
|
2,327 |
| |
|
|
|
