Latest News
June 2009
Final Results
Brulines Group plc (AIM:BRU), the market leading provider of real time monitoring systems and data management services for the UK leisure sector, is pleased to announce its final results for the year ended 31 March 2009.
Highlights
- Revenue increased 11.7% to £19.07 million (2008: £17.06 million)
- Recurring income streams now at 79% of turnover
- Operating profit pre-exceptional items increased 26.5% to £5.05 million (2008: £3.99 million)
- Profit before tax and exceptional items increased 19.6% to £4.98 million (2008: £4.16 million)
- Gross margins improved to 58% (2008: 53%)
- Earnings per share increased by 14.8% to 13.59 pence (2008: 11.84 pence)
- Final dividend of 3.80 pence per share giving a full year total of 5.35 pence per share (2008: 5.0 pence per share)
- Acquisitions successfully integrated
- Installation base increased 7% to c. 23,000
Commenting on the final results, James Newman, Chairman of Brulines Group plc, said: “I am delighted with the performance of the Group as we continue to trade strongly and expand successfully. Brulines’ business has proven highly robust with another significant increase in profit despite poor economic and industry conditions. The growth of our core business is now supported by new markets and acquired businesses.
“Brulines has applied its core skills to provide greater operational control to customers across these wider markets, consolidating a compelling position in the leisure sector. With our strong balance sheet, cash flow and impressive margins we look forward to the future with confidence as the Group continues to expand.”
