Another year of growth at Murgitroyd – MoneyWeek

Adjustedearningspershareshotup19。

3%to36。

4pfrom30。

5ptheyearbefore,pavingthewayforan11。

6%increaseinthefull-yeardividendto12pfrom10。

75p。

Thecomparativelylargeyear-on-yearincreaseinearningspersharearisesinpartbecauseoftheimpactoftheprioryearadjustmentstooverseastaxin2011。

ThegroupsaidthemarketfortrademarkapplicationsisbuoyantinEurope,whilepatentfilingsarealsogrowing。

ThegroupisalsoexpectingtoaccommodateanincreaseinactivityresultingfromtheUKGovernmentsPatentBoxinitiativethatwillprovideaCorporationTaxreductiontocompaniesearningincomefromqualifyingIntellectualPropertyRightssuchasUKPatents。

Althoughweremaincautiousinlightoftheuncertaineconomicenvironment,weareconfidentinthegroupsabilitytocontinuetogenerateorganicgrowth。

Tightcostcontrolandmaximisingthefundsavailabletoinvestindirectbusinessdevelopment,systemsimprovementandefficienciestodrivecompetitivepricingremainprioritiesfortheGroupaswepursuegrowth,saidIanMurgitroyd,ChairmanoftheScottishcompany。

Cashandcashequivalentsattheendofthereportingperiodtotalled£0。

92m,upfrom£0。

73mtheyearbefore,givingthegroupfirepowertoconsideracquisitions,althoughtheChairmansaidthefocuswillcontinuetobeongrowingorganically。

Thesharesrose25pto412。

5pontheresults。

JH

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