HIGHLIGHTS
- Profit before taxation for the six months increased by 166% to GBP 742,379 (compared to GBP278,663 for six months to 31 March 2006 and GBP 733,787 for year ended 30 September 2006)
- Basic earnings per share increased by 45% to 1.48p (6 months to 31 March 2006: 1.02p; year ended 30 September 2006 1.77p)
- Network turnover up 439% to GBP17m from GBP3.15m (31 March 2006)
- Share price increased by over 70% since the start of the current financial year (1 October 2006)
- Shareholder base strengthened by a number of institutional investors and £4m investment headed by Nigel Wray and Stephen Hemsley
- Number of franchise territories now operating totals: 363 (30 September 2006: 295)
- Northern Ireland Master Licence for Ovenclean awarded
- Admission to AIM completed on 29 December 2006
POST BALANCE SHEET HIGHLIGHTS
- Move to purpose built headquarters in Esher completed in April 2007
- Launch of additional window cleaning service in May 2007
- Clive Smith, former Head of Business at Dyno Group joined the senior management team as Franchise Operations Director in early May 2007
Russell O'Connell, Executive Chairman, Myhome International plc, commented:
'This has been a dynamic six months for the Company - not only has the momentum of growth continued across our franchise operations but also we have also completed the transition to AIM and the move to a new corporate HQ, both on time and on budget. The Myhome vision of becoming the international multi-brand franchise network for premium residential services is clearly on track as we today report our maiden AIM results.
'We look forward to the second half with our expanded management team, a strong pipeline of potential franchisees, a maturing royalty stream and excellent support from our shareholder base. We are confident we are on track to meet market expectations.'
Published: 23 May 2007
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