Revenues in the third quarter and nine months of the financial year have both risen by 18 per cent to £6.3m and £18.7m, respectively, which in turn has driven up operating profits by almost 40 per cent to £940,000 in the year to date. And with trading in the fourth quarter robust, Mr Speakman has yet again upgraded his full-year revenue forecast by a further £0.5m to £27.5m, which also reflects the heavy seasonal weighting in the full-year numbers to trading in the final quarter. This follows a 12 per cent revenue upgrade after the half-year results in late August and has led to a hefty 11 per cent pre-tax profit upgrade for this year. On that basis, expect adjusted pre-tax profit of £2.5m for the full-year and underlying EPS of 2.95p, up from £1.78m and 2.15p, respectively, in 2012.
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