RWS Holdings (AIM:RWS) – stupendous results drives the share price ever higher
Europe's leading provider of patent translations and patent searches announced stupendous results for the year ended 30 September 2013 - this has been one of the great IHT planning stocks
Sales increased 12.5% to £77.4m, adjusted operating profit was up 20% to £20.1m and adjusted earnings per share increased 24.5% to 38.6p. The final dividend was lifted just over 16% to 15.75p bringing the total dividend to 20.25p (2012: 17.5p) which equates to a yield of 2.3% at the current share price. Operating profit of £18.8 was turned into a net operating cash inflow of £20.6m resulting in net cash at year end of £18.2m after acquisitions amounting to £15.1m. There were numerous highlights with continued momentum in the patent translation business, driven by a number of significant client wins…