Half year ended		Year ended
£000	31 March 1999	31 March 1998	30 September 1998
Turnover	71,116	50,473	130,996
Cost of sales	(53,296)	(37,898)	(94,970)
Gross Profit	17,820	12,575	36,026
Operating expenses
- Selling & distribution	(9,030)	(6,722)	(14,677)
- Research & development	(3,313)	(2,663)	(5,431)
- Administration	(3,215)	(2,856)	(6,396)
	(15,558)	(12,241)	(26,504)
Operating Profit	2,262	334	9,522
Net interest receivable	231	302	515
Profit on Ordinary Activities Before Taxation	2,493	636	10,037
Tax on profit on ordinary activities	(698)	(197)	(2,814)
Profit on Ordinary Activities After Taxation	1,795	439	7,223
Dividends paid and proposed	(607)	(489)	(2,124)
Retained Profit	1,188	(50)	5,099
Earnings per ordinary share
- Basic	2.0p	0.5p	8.0p
- Diluted	1.9p	0.5p	7.8p

A printed copy of this Annual Report and Accounts will be sent directly to shareholders after the posting date. Copies may be obtained after the posting date from the registered office of the Company at:

New Mill House, 183 Milton Park
Abingdon, Oxfordshire, OX14 4SE