AB Dynamics (AIM:ABDP) - This little business continues to deliver fabulous results
Profit before tax for the half year rose 50% to £2.26m on revenues up 34% to 10.11m. The operating profit of £2.25m (operating margin 22.25% vs 20.17% in 2015) resulted in a net (post tax) operating cash inflow of £2.8m. Margins in the period were also boosted by favourable currency.
Having incurred £338k of capex in the period, cash at the period end was boosted to £10.15m (2015: £7.03m). Evidently cash is set to…
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