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Concurrent Technologies – decent results but little growth over the past 5 years

01/09/2011 · Concurrent Technologies (CNC) 

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…

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