Concurrent Technologies – decent results but little growth over the past 5 years
There were decent interim results for the six months to 30 June 2011 from the specialist in the design and manufacture of high-end embedded computer products but it’s hardly a high growth play to excite investors!
For the 6 months profit before tax was £1,132,234 (H1 2010: £1,004,649) on sales of £6,870,601 (H1 2010: £5,412,725), with earnings per share for the period 1.45p (H1 2010: 1.08p). Gross margins were marginally lower at 51.7% vs. 53.7% as a result of the weaker US$ in the period.The interim dividend was lifted 9% to 0.60 pence per share with the full year dividend forecast of 1.60p equating to a yield of c3.6% The Group remained cash rich with net cash and cash equivalents £5.4m (H1 2010: £4.6m) at the half year end. Management commented that trading conditions in the…