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Strong financial base
- Delivered solid revenue growth, up by 13% to $40.0m (2018: $35.5m)
- Performance reflects the benefits of increasing scale and improved profit margins, leading to a 29% increase in profit before tax to $3.4m (2018:$2.65m)
- Earnings per share increased by 21% to 3.27 US cents (2018: 2.70 US cents)
- Generated $5.6m of cash from operations (2018: $2.3m), increasing net cash to $7.7m on 31 December 2019 (31 December 2018: $4.4m)
- Shareholder’s equity grew to $22.3m on 31 December 2019 (31 December 2018: $20.6m) representing 19.7p per share (Calculated at £/$ rate of 1.29)
- Dividend of $0.02 per share (2018: $0.015 per share) declared
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