Preliminary results for the year ended 31 March 2014
Highlights
- Profit before tax of £1.8m (2013: £0.7m)
- Basic earnings per share 7.6p (2013: 2.7p)
- Net bank debt decreased to £5.4m (2013: £6.4m).
- Final dividend of 0.75p per share proposed (2013: nil)
- Company well placed to capitalise on commercial opportunities
Steve Roberts, Executive Chairman of Northern Bear commented:
“The last year has seen a marked improvement in the performance of our business, which I believe is a response to the hard work of our staff and the careful prioritisation of resources during a period of bleak economic conditions. The Group is now well placed to take advantage of opportunities as and when they arise, both through organic growth and bolt-on acquisitions. With brighter macro-economic and local economic conditions, we hope to be able to announce further progress in due course.”
The annual accounts for Northern Bear Plc for the year ended 31 March 2014 can be downloaded here
