LINCAT GROUP PLC
FACTSHEET
Introduction:
Lincat group plc manufactures through its subsidiary companies a wide range o kitchen bar and food processing equipment. Operating companies include Lincat Ltd, IMC, Mercury appliances and Britannia kitchen Ventilation Ltd in the UK.
Location:
The groups operations are all located in the United Kingdom.
Company News:
? Acquisition of Heydal limited, a manufacturer of ventilated ceilings for commercial kitchens.
? Transaction costs 360.000, paid in cash.
? Douglas Machine Corporation a fifth subsidiary of Lincat group plc was sold in June 2006.
Interim results-December 2006:
? Continuing operations sales up 2% at £15.5m.
? Interim dividend raised by 8% from 7.0p to 7.2p.
? Net cash of £2.2m at period end.
Financial overview:
? Gross Profit margin- 50% for both the years 2005 and 2006.There has been no change in the picture of future profits.
? Earnings per share-This is the fundamental measure of share performance. The EPS has been increasing over years which mean that the earnings generated by a business and available to shareholders, during 2006 to the number of share in issue have improved.
? Dividend per share-At face value, these ratio shows that ordinary dividends were covered 2.3 times both in 2005 and 2006.
? Return on equity-There has been a decrease in 2006 from 37% to 30%.The efficiency of the company in earnings profits of behalf of its ordinary shareholders by relating the profits to the total amount of shareholders funds employed in the company has decrease for about 18.92%.
Profit for the year: 2006-£5.2m
&nbs ...