2013 Half-yearly Results Summary

Strong organic performance from a solid base as opportunities gain momentum

Key Financials

Change
HY2013
v
HY2012
HY Sept
2013
HY Sept
2012
Full year
31 March
2013
Continuing operations
Group revenue+6.6%£65.26m£65.26m£121.54m
Gross profit %+170bps27.7%26.0%26.0%
Underlying operating profit+22.4%£4.86m£3.97m£7.97m
Underlying pre-tax profit+26.4%£4.55m£3.60m£7.25m
Operating profit+23.7%£4.65m£3.76m£7.16m
Pre-tax profit+28.0%£4.34m£3.39m£6.44m
Adjusted diluted earnings per share+27.8%2.94p2.30p4.73p
Basic earnings per share+34.2%3.06p2.28p4.39p
Re-introduction of interim dividend0.40p-0.80p
Net debt£3.55m£7.70m£5.20m
Return on Capital employed (ROCE)14.7%12.6%12.1%

Highlights

  • Positive on-going organic results from TR’s ‘Continuous improvement’ roll-out across the Group
  • New products and licences gaining foothold
  • New business gains add to TR Asia’s positive recovery momentum
  • Automotive Tier 1 continues to expand
  • UK and Europe outperforming and USA gathering pace
  • Investment in manufacturing plant planned in Asia
  • Management confident in delivering future organic growth
  • On-going assessment of earnings enhancing ‘bolt-on’ acquisitions

View the announcement in full