Portmeirion Group (AIM:PMP – cracking results from a class outfit
The AIM quoted owner of the Portmeirion, Spode, Royal Worcester and Pimpernel brands has issued cracking interim results for the six months ended 30 June 2015. This class outfit has been delivering consistently excellent numbers over the past few years and appears to more than justify its premium rating.
Revenue for the 6 months of £27.9m was up 14%, profit before tax up 45% to £1.8m and earnings per share up 41% to 13.01p. At a constant US dollar exchange rate the total revenue increase would have been 10% - note the significant US dollar exposure. The interim dividend was lifted 11% to 6.10 pence per share with the full year forecast dividend 27.40p (covered 2x) suggesting a yield of approx. 3% at the…
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