We continue to see tremendous opportunities for growth in all our markets in the current year. The ability to grow the business through working with our funding partners and managing assets on their behalf allows us to expand our fleet with little risk to our Balance Sheet.
Building growth in EPS and profits is our focus. The wealth of experience of our management team allows us to look forward with confidence to the future of the Company's continuing growth.
Period highlights
- Launch of the company's new marine container division, SeaAxis
- UK and German fleet increased by 44%
- Revenue increased by 32% in 2007 to £12m (2006: £9m)
- Profit before tax and share based payment increased to £646,000 (2006: £601,000)
- Earnings per share remained constant at 0.85p
- Final dividend of 0.25p which represents a total dividend of 0.40p for the year (2006: 0.30p)
- Fleet under management has increased by £14.6 million
- Expansion of office network to include Hong Kong, Singapore, Shanghai and US, including the strengthening of activities in the Benelux, the Nordic countries Portugal and Spain
Robert J. Montague CBE, Executive Chairman of Axis Intermodal, said: "This year has seen positive growth across all our operations. We are delighted with the early indicators of success for SeaAxis, our new marine container division. We anticipate continued strong growth over the current financial year through both organic growth and appropriate acquisitions, should the opportunity arise. Above all, I feel strongly that working in partnership with our customers will always be the key to our success."