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Home > Book Trade News > Haynes: Turnover Down (slightly) Profits Up (marginally)

Haynes: Turnover Down (slightly) Profits Up (marginally)

Posted at 2:41PM Thursday 26 Aug 2010

Turnover of £33.3 million down 6% (2009: £35.3 million) primarily due to disposal of loss making UK print operation in February 2009

Operating profit of £7.7 million (2009: £7.6 million)

Profit before tax of £7.2 million (2009: £7.1 million)

Basic earnings per share of 28.6 pence (2009: 29.4 pence). Earnings in 2009 benefited from fiscal stimulus tax incentives on purchase of new US production equipment

Net funds of £3.8 million (2009: £1.4 million)

Final dividend of 9.3 pence per share, giving a total dividend of 15.5 pence per share (2009: 15.5 pence)

fool.uk-wire.com

Haynes is a niche publisher with a strong balance sheet and steady earnings (Motley Fool)


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