Profit from operations before non-recurring integration costs and amortization of acquired intangibles stood at GBP14.3 million, a 36% rise compared to GBP10.5 million in the same period of 2006. Profit from operations after non-recurring integration costs and before amortization of acquired intangibles stood at GBP12.9 million, a 22.7% rise from GBP10.5 million in the corresponding period of 2006.
Profit before tax before non-recurring integration costs stood at GBP9.4 million, up 2% from GBP9.2 million in the same period of 2006. Profit before tax was GBP7.5 million against GBP9.2 million in the corresponding period of 2006.
Diluted earnings per share adjusted for amortization of acquired intangibles and non-recurring integration costs were 10.7p against 11.4p in the same period of 2006. Diluted earnings per share were 7.3p against 10.4p in the corresponding period of 2006.
Nick Robinson, chief executive of Phoenix said: The sales momentum has continued since the end of the second quarter in each of the Group’s divisions, and the Group is well positioned in each of the markets that it serves and remains confident in its long term prospects.
