| |
Half year ended |
Year ended |
| £000 |
31 March 1997 |
31 March 1996 |
30 September 1996 |
| |
|
|
|
| TURNOVER |
48,965 |
45,162 |
99,032 |
| Cost of sales |
(36,995) |
(35,174) |
(73,174) |
| |
|
|
|
| GROSS PROFIT |
11,970 |
9,988 |
25,858 |
| |
|
|
|
| Operating expenses |
|
|
|
| - Selling & distribution |
(5,782) |
(4,729) |
(10,150) |
| - Research & development |
(2,240) |
(1,830) |
(4,030) |
| - Administration |
(2,700) |
(2,340) |
(5,326) |
| |
(10,722) |
(8,899) |
(19,506) |
| |
|
|
|
| OPERATING PROFIT |
1,248 |
1,089 |
6,352 |
| Net interest receivable |
435 |
233 |
454 |
| |
|
|
|
| PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION |
1,683 |
1,322 |
6,806 |
| Tax on profit on ordinary activities |
(555) |
(436) |
(2,246) |
| |
|
|
|
| PROFIT FOR THE PERIOD |
1,128 |
886 |
4,560 |
| Dividends paid and proposed |
(410) |
(320) |
(1,423) |
| |
|
|
|
| RETAINED PROFIT |
718 |
566 |
3,137 |
