FDM Group (AIM: FDMG) - interim results werent bad but it’s currently all about the offer!
While the gross profit increased 6.5% to £6.92m, profit before tax decreased 7.7% to £2.20m with costs associated with expanding the London office pulling profits down. Diluted earnings per share decreased 4.5% to 6.4p with the interim dividend maintained at 1.0p per share.
Profit before tax of £2.2m resulted in an operating cash inflow of £454,000 and net cash at the period end of £9.46m (31st Dec 2008: £10m).
During the period the group…
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