Plastics Capital plc Proposes Final Dividend, Payable on September 07, 2016; Reports preliminary Audited Consolidated Earnings Results for the Year Ended March 31, 2016
The company reported preliminary audited consolidated earnings results for the year ended March 31, 2016. For the year, the company reported revenue of GBP 50,803,000 against GBP 39,576,000 year ago. Operating profit was GBP 16,871,000 against GBP 1,511,000 a year ago. Profit before tax of GBP 1,098,000 against Loss before tax was GBP 148,000 a year ago. Profit for the year attributable to equity shareholders of the company was GBP 1,222,000 or 3.4 pence per diluted share against profit for the year attributable to equity shareholders of the company of GBP 250,000 or 0.8 pence per diluted share a year ago. Net debt was GBP 10,852,000 as on March 31, 2016 against GBP 11,400,000 as on March 31, 2015. Net cash inflow from operating activities was GBP 3,835,000 against GBP 3,336,000 a year ago. Acquisition of property, plant and equipment was GBP 2,275,000 against GBP 977,000 a year ago. EBITDA before exceptional costs was GBP 5,886,000 against GBP 5,257,000 a year ago. Adjusted earnings per share were 10.8 pence against 10.8 pence a year ago. Capital expenditure was GBP 2.3 million in compares with GBP 1.0 million a year ago. This increase arose because significant investment was made in the year to increase capacity and capabilities across the group for future growth.