AB Dynamics (AIM:ABDP) - delightful results and plenty of the race still to run
The designer and manufacturer of advanced testing systems and measurement products to the global automotive industry, and a business we have followed since not long after IPO, has announced delightful results for the year ended 31 August 2016. Our latest Blog goes over the numbers.
All three of the group’s business areas: “Track Testing”, “Laboratory Testing”, and “Test & Monitoring Systems” motored along lifting group revenue 23.9% to £20.47m.
Continued improvements in operations and favourable currency exchange turbo-boosted operating profit 16% to £4.38m, which also included a share based payment charge of £273k. Excluding this non-cash charge (although ultimately there is a cash impact and dilution to existing shareholders) operating profit would have risen 23% to £4.65m with adjusted operating…
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