MayAir Group revenues increased 45 percentStaff writer ▼ | April 18, 2016
Air purification company MayAir Group reported results for the year ended December 2015. The group saw revenues rise 45% to $63.6m from $43.8m last year, compared to Mirabaud’s forecasted revenues of $61.9m.
MayAir Group Profit before tax stood at $7.5m
The basic earnings per share (EPS) was slightly down compared to 2014, it stood at 14.62c compared to 15.59c the previous year, due to the enlarged share capital following the listing.
But the EPS was in line with expectations, said Seng.
The group reported a healthy cash balance of 19.4m, up 235% from 5.8m last year, which it said will be used to support its already sizeable research and development efforts.
The group was admitted to AIM in May last year, successfully raising £16.2m. ■