Step up at shoe supplier
Chamberlain Phipps, the footwear supplier, made pounds 13.2m profit before tax for the year to the end of April, up 23 per cent on pro-forma pre- tax profits for the previous year.
The company, which floated on the stock market last August, made an actual profit before tax of pounds 12.4m. Turnover was pounds 135m against pounds 77m in the previous year.
The year to the end of April had been the group's most profitable to date.
Executive chairman Dan Sullivan said: "This performance, together with our proven ability to acquire complementary businesses, underlines our strategy to develop an integrated footwear products business with leading positions in international markets."
Progress has been made in export markets, which represent 22 per cent of total group sales. Much of the momentum for this growth has been provided by the increasing emphasis on the sale of higher margin speciality products and, in particular, branded products. The group's portfolio has been augmented over the year by acquisition of established brands.
Mr Sullivan said: "In the absence of significant change in the group's markets, your board expects that the outcome for the year will be satisfactory. The board believes the trends becoming evident in the footwear industry worldwide will continue to provide Chamberlain Phipps with numerous opportunities for growth, both organic and by acquisition."
Earnings per share are 20.2p, a rise of 29 per cent on 15.6p in the previous year. The full dividend for the year is 8p a share.
The company's share price moved up 2p to close at 173p.
Have shock jocks gone too far after Rush Limbaugh called Sandra Fluke a slut?
Former Google exec says he has 100,000 emails showing how 'immoral' company avoids paying UK tax
British business: We need to stay in the European Union - or risk losing up to £92bn a year
World news in pictures
British father faces charges after confessing to slitting his two children's throats in Lyon flat
- 1 Notes from a small island: Is Sealand an independent 'micronation' or an illegal fortress?
- 2 British business: We need to stay in the European Union - or risk losing up to £92bn a year
- 5 It’s official: thanks to Stephen Hawking's Israel boycott, anti-Semitism is no more
BMF is the UK’s biggest and best loved outdoor fitness classes
Win anything from gadgets to five-star holidays on our competitions and offers page.
iJobs Money & Business
£500 per day: Orgtel: A top tier banking client urgently requires Finance Gove...
£500 - £680 per day: Orgtel: Quantitative Risk Analyst, Front Office/Risk Bank...
£55000 - £60000 per annum + Benefits + Pension: Orgtel: Quantitative Analyst, ...
£550 - £600 per day: Orgtel: Fidessa Analyst / PM - Banking - London - Up to £...