PORTMEIRION GROUP PLC – Interim results

The first six months of the year have seen a strong performance in line with market expectations, despite challenging global conditions.
 
Financial Highlights

• Revenues of £22.3 million up by 6% on the comparative period (2010 – £21.1 million)
• Profit before tax and exceptional items up by 15% to £1.4 million (2010 – £1.2 million)
• Profit before tax up by 37% to £1.4 million (2010 – £1.0 million)
• Earnings per share up by 42% to 9.23p (2010 – 6.49p)
• Interim dividend maintained at 3.90 pence per share (2010 – 3.90 pence per share)

 
Operational

• Production volumes are up by 22% on the prior period
• Received Queen’s Award for Enterprise in the category of International Trade
• Over 500 new products launched in 2011

 
Dick Steele, Non-executive Chairman, commented:
“This is another strong performance, improving on the record results of last year, and achieved despite challenging global conditions. We have made great progress in aligning the business for future growth and we are confident of the Group’s prospects.”