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Annual Results

AB Dynamics profits up

16 November 2016 09:24

AB Dynamics posts an operating profit of £4.4 million for the year to the end of August - 16% up on last time.

Revenues rose by 23.9% to £20.5 million and adjusted operating profit increased 22.7% to £4.65 million. The final dividend of 1.815 pence per ordinary share takes the total to 3.025 pence for the year up 10%.

Chief executive Tim Rogers said: "We have had another good year, with all three business areas - Track Testing, Laboratory Testing and Test and Monitoring Systems - performing in line with management expectations.

"The Company has spent more on research and development this year than in previous years and has seen the performance, quality and reputation of its products improve leading to steady growth in their uptake. Construction has now started on our new facility with completion targeted for the third quarter 2017.

"With current orders taking us into our third quarter, we remain committed to being able to provide capacity to fulfil these orders whilst ensuring that we focus on future business opportunities."

At 9:24am: (LON:ABDP) AB Dynamics Plc share price was -2.5p at 465p

Story provided by StockMarketWire.com

Related Company: ABDP

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