STM Group plc Declares an Interim Dividend for the Six Months Ended 30 June 2016, Payable on 3 November 2016; Announces Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2016; Announces Permanently Appointment of Alan Kentish as CEO
The company announced unaudited consolidated earnings results for the six months ended June 30, 2016. For the six months, the company reported revenue of £7,884,000 against £8,321,000 a year ago. Profit on ordinary activities before taxation was £1,210,000 against £1,368,000 a year ago. Profit on ordinary activities after taxation was £1,349,000 or 2.16 pence diluted per share against £770,000 or 1.38 pence diluted per share a year ago. Net cash from operating activities was £2,272,000 against £2,168,000 a year ago. Acquisition of property, plant and equipment was £89,000 against £15,000 a year ago. Earnings before interest, taxation, depreciation and amortization (EBITDA) were £1.3 million against £1.6 million a year ago. Underlying earnings per share impact of tax refund was 1.10 pence against 1.38 pence a year ago.
The board announced that Alan Kentish having acted as Interim Chief Executive Officer since 1 April 2016, has now been permanently appointed to this role.