NCC Group plc reported consolidated earnings results for the six months ended November 30, 2016. For the period, the company reported profit attributable to equity holders of the parent company of £5,457,000 or 2.0 pence per basic and diluted share on revenues of £125,776,000 compared to profit attributable to equity holders of the parent company of £6,010,000 or 2.6 pence per diluted share on revenues of £93,508,000 a year ago. Operating profit before amortization of acquired intangibles, share based payments and exceptional items were £17,293,000 compared to £15,714,000 a year ago. Operating profit was £8,236,000 compared to £8,593,000 a year ago. Profit before taxation was £7,352,000 compared to £7,538,000 a year ago. Net cash generated from operating activities was £12,249,000 compared to £3,402,000 a year ago. Purchase of plant and equipment was £4,001,000 compared to £1,132,000 a year ago. Development expenditure was £4,361,000 compared to £4,329,000 a year ago. Group adjusted EBITDA was £21.3 million compared to £17.8 million a year ago. Adjusted basic EPS was 4.7 pence compared to 5.1 pence a year ago. Adjusted profit used for adjusted earnings per share was £12,869,000 compared to £11,823,000 a year ago. Net debt at the end of the period was, as expected, down to £48.8 million (November 2015: £73.1 million) against available facilities of £112.5 million.

For full year to 31 May 2017, adjusted EBITDA is expected to be in the range of £45.5 million to £47.5 million showing growth of up to 5% year on year.

For the second half of 2017, H1:H2 adjusted EBITDA is expected split will be approximately 46%:54% based on the midpoint of £46.5 million.

The Board of company is maintaining the interim dividend at 1.50 pence for the six months ended November 30, 2016. This will be paid on 24 February 2017 to shareholders on the register at the close of business on 27 January 2017, with an ex-dividend date of 26 January 2017.