Highlights

Sinclair recorded its second profitable full year at the EBITDA level. EBITDA before exceptional items was £2.3m (2008: £1.3m) with basic loss per share after exceptional items of 3.9p (2008: earnings per share of 3.8p).

Revenues, which were affected by wholesaler destocking, increased by 0.4% to £30.4m (2008: £30.3m), gross profit increased by 6% to £20.7m (2008: £19.4m) and the operating loss for the year, before exceptional items, reduced to £0.3m (2008: £0.8m).

The 80% increase in EBITDA prior to exceptional items was achieved through a strong contribution from licensing fees, combined with tight cost control.

Read more