Chamberlin plc announced after seven years as Chief Executive, Tim Hair has given notice that he will be stepping down from the Board and the company next May 2014, or sooner, if an appropriate replacement is found before that date. The Board has commenced the search for Tim's successor and the date of Tim's departure will be coordinated with the appointment of the new Chief Executive to ensure a smooth transition. The recruitment of a new Finance Director is in its final stages and until the appointment is formalized, Ian Poole, Group Financial Controller, has assumed responsibility for the day-to-day running of the finance function. The company announced that the directors are recommending the payment of a final dividend of 2.0 pence per share for the year ended March 31, 2013, to be paid on 26 July 2013 to shareholders on the register at 5 July 2013. This increases the total dividend for the year to 3.25 pence.

Chamberlin plc announced consolidated earnings results for the full year ended March 31, 2013. For the year, the company reported revenue of £42,197,000 against £45,532,000 a year ago. Operating profit was £1,100,000 against £1,587,000 a year ago. Profit before tax was £859,000 against £1,430,000 a year ago. Profit for the year from continuing operations attributable to equity holders of the parent company was £793,000 against £1,247,000 a year ago. Earnings per diluted share were 9.6 pence against 14.5 pence a year ago. Net cash inflow from operating activities was £2,260,000 against £2,430,000 a year ago. Purchase of property, plant and equipment was £1,353,000 against £1,185,000 a year ago. Purchase of software was £60,000 against £243,000 for the same period a year ago. Development costs were £69,000 against £32,000 a year ago. Underlying operating profit reduced to £1.3 million compared to £1.7 million a year ago. The underlying profit before tax was £1.3 million compared to £1.7 million a year ago. Diluted underlying earnings per share were 13.4 pence against 16.5 pence a year ago.

Chamberlin plc provided earnings guidance for the year ending March 31, 2013. For the year, the company expects to deliver pre-tax profits for the full year in line with current market expectations of approximately £1.3 million. The Group continues to generate positive cash flows and net debt at the year end is expected to close materially lower than the same point last year, at below £1.0 million.