AB Dynamics (AIM:ABDP) – absolutely stunning results
While much of the automotive sector has a cloud hanging over it following the revelations at VW this AIM quoted designer, manufacturer and supplier of advanced testing systems and measurement products to the global automotive industry has announced stunning results. The business looks in terrific shape and the recent momentum and positive outlook statement suggests the future looks very bright indeed.
For the year ending 31 August 2015 revenue increased 19.3% to £16.52m, operating profit was up 41% to £3.74m and diluted earnings per share were up an even more impressive 50% 18.26p. It’s worth emphasising that there no adjustments to these numbers, as many are now reporting, and all the growth has been organic.
Operating profit of £3.74m resulted in a pre-tax operating cash inflow of…
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