Results for the year to 30 September 2013 have revealed a significantly improved profit before taxation from continuing operations. Although revenue was onl9 modestly higher, there was further improvement in gross margin, which rose to 87.6% versus 83.6% a year earlier.

Given strong cash generation, it has been possible to maintain the progressive dividend policy. A final dividend of 0.85p per share has been declared, taking the total for the year to 1.50p per share. This represents a 25% improvement on the 2012 payout of 1.20p per share.

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