StockMarketWire.com - CEPS Group reports revenues of £8.8m for the six months to the end of June - up by 13% - with operating profit rising by 56% to £361,000.

Friedman's has continued to perform strongly. Sunline's major investment in its polywrapping plant is now complete and the management team is highly focused on driving the financial benefits from the capital expenditure. Steps have been taken at Davies Odell since the beginning of the year both to tighten the overhead and to drive new product development and sales. The financial results so far look promising.

After external finance costs and provision for taxation, profit for the six months is just over double the level of 2013 at £269,000 (2013: £133,000). External finance charges actually rose by £13,000 over the same period last year reflecting the higher activity levels and capital investment. Earnings per share were 3.27p compared with 1.00p a year earlier. An encouraging result all round.




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