Judges Scientific plc Reports Consolidated Earnings Results for the Six Months Ended June 30, 2017
September 19, 2017 at 11:30 am IST
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Judges Scientific plc reported consolidated earnings results for the six months ended June 30, 2017. For the period, the company’s revenue was £32,720,000 compared to £27,258,000 in the same period last year. Operating profit was £2,328,000 compared to loss of £371,000 in the same period last year. Adjusted operating profit was £4,623,000 compared to £3,227,000 in the same period last year. Profit before tax was £2,070,000 compared to loss before tax of £665,000 in the same period last year. Profit attributable to equity holders of the parent company was £1,460,000 compared to loss attributable to equity holders of the parent company of £1,004,000 in the same period last year. Basic and diluted earnings per share was 23.6 pence compared to basic and diluted loss per share 16.5 pence in the same period last year. Cash generated from operations was £4,385,000 compared to £1,624,000 in the same period last year. Purchase of property plant and equipment was £339,000 compared to £571,000 in the same period last year. Adjusted profit was £3,348,000 compared to £2,024,000 in the same period last year. Adjusted diluted profit per share was 54.1 pence compared to 32.7 pence in the same period last year. Total net debt was £6,222,000 as on June 30, 2017. Adjusted net debt was £5.8 million as on June 30, 2017 compared with £10.3 million a year ago. Adjusted pre-tax profit up 48% to £4.4 million compared with £3.0 million a year ago.
Judges Scientific plc is a United Kingdom-based company, which is focused on acquiring and developing companies within the scientific instrument sector. The Company's principal activities comprise the design, manufacture and sale of scientific instruments. Its subsidiaries are grouped into two segments: Materials Sciences and Vacuum. Its subsidiaries are primarily United Kingdom-based with products sold around the world to a diverse range of markets, including higher education institutions, the scientific communities, manufacturers, and regulatory authorities. The Company also specializes in the design and manufacture of instruments used for plasma surface treatment and provides plasma deposition services based on the instruments. Its subsidiaries include Armfield Limited, CoolLED Limited, Deben UK Limited, Dia-Stron Limited, EWB Solutions Limited, Korvus Technology Limited, Oxford Cryosystems Limited, PE.fiberoptics Limited, Quorum Technologies Limited and Scientifica Limited.