28th Jan 2016 10:06
LONDON (Alliance News) - Car manuals publisher Haynes Publishing Group PLC on Thursday said its pretax profit and revenue ticked up despite mixed trading conditions and said it has appointed a new chief financial officer.
Haynes said its pretax profit for the half to the end of November was GBP300,000, up from GBP100,000 a year earlier as revenue increased to GBP12.2 million from GBP11.9 million.
Revenue in North America and Australia fell in the half, but this was offset by growth in the UK and European markets. The group said its professional markets in Europe had been robust, with investments made in new vehicle content and new products boosting performance.
Haynes will pay an interim dividend of 3.5 pence per share, flat year-on-year.
"We are pleased with the continued growth of our professional business which now accounts for more than a quarter of the group's total revenue and the performance of our UK consumer automotive manuals where revenues grew by 12% against the prior period," said Chairman John Haynes.
Haynes also said it has appointed James Bunkum as its new chief financial officer, to take over from Dan Benhardus when he retires at the end of May. Bunkum is the UK and European finance director of Haynes.
Haynes shares were up 1.4% to 108.95 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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