StockMarketWire.com - Carclo's revenue increased by 10.7% to £119.0 million in the year to the end of March which, it said, reflected strong sales progression across its businesses and a second consecutive year of double-digit growth.
The group reports divisional underlying operating profit of £12.8 million (2015 - £9.9 million) and group underlying operating profit of £10.0 million (2015 - £7.8 million), up 28.8% on the prior year.
There was an exceptional charge of £4.9 million (2015 - £31.7 million), predominantly relating to the impairment of patents and development costs at the Carclo Diagnostic Solutions business.
Underlying profit before tax rose to £8.8 million - up 22.9% on the prior year. Group reported profit before tax of £3.9 million (2015 - loss of £24.5 million).
Chairman Michael Derbyshire said: "The group has delivered a strong operational and financial performance through the year and is well placed and focussed to drive further growth opportunities in the current year and beyond."
At 9:57am: [LON:CAR] Carclo PLC share price was +2.88p at 157.63p
Story provided by StockMarketWire.com
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