Stadium Group (“LON: SDM”) Excellent results and positive outlook
Stadium Group the leading provider of Electronic Manufacturing Services ("EMS") announced excellent results for the year ending 31st December 2009.
Revenues were £46.58m (2008: £47.61m) and profit before taxation and severance costs £2.50m (2008: £2.78m) resulting in underlying earnings per share of 6.8p (2008: 7.6p). Cash was flowing with a net cash flow from trading activities of £4.83m (2008: £4.21m) resulting in year end net cash of £0.40m (2008: £2.05m net borrowings) The proposed final dividend is up 11.5% to 1.45 pence per share resulting in a total dividend of 2.25 pence (2008:2.55p) equating to a yield of 4.2% at the current share price (53.5p) Management commented that new business success achieved in the second half has led to significant…