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Product category: Plugs and Sockets
News Release from: Abacus Group
Edited by the Electronicstalk Editorial Team on 28 November 2003

Abacus results show "great resilience"

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Abacus Group has published its preliminary results for the twelve months ended 30th September 2003.

Abacus Group has published its preliminary results for the twelve months ended 30th September 2003 Financial highlights include: profit before tax of GBP 8 million and goodwill of GBP 0.4 million (2002: GBP 9.5 million PBT and goodwill of GBP 2.8 million); sales of GBP 147 million (2002: GBP 155.0 million) maintained through expanded market share; net debt of GBP 18.7 million (2002 : GBP 18.5 million) supported by strong cashflow; earnings per share before goodwill of 13.5p (2002: 16.6p); earnings per share after goodwill of 12.5p (2002: 9.8p); and a final dividend 6.8p, taking total to 10.2p (+5%)