Good morning!I’m reporting on 3 companies today – Bioventix, DP Poland, and SpaceAndPeople. Then this afternoon I’ll be interviewing the CEO amp; CFO of Tracsis (will publish the audio of that tonight).Graham is also working today, and is hoping to cover results from: Elecosoft, K3 Business Tech, and YouGov.For logistics reasons, Graham’s work will be in a separate article today – I’ll add a link to it here once it’s up.Bioventix (LON:BVXP)Share price: 1840p (up 4.2% today)No. shares: 5.1mMarket cap: £93.8mInterim results – for the 6 months to 31 Dec 2016.These are sparkling interim figures. The company says it doesn’t hedge forex, therefore that has given a 15-20% uplift in reported sterling values for sales denominated in foreign currencies. Looking back to last year’s results, 5.7% of turnover was UK, and the rest was overseas. So there’s no doubt that unhedged forex will have had a major boost to these results.Amazingly high profit margins will have further helped, profit before tax of £2,484k is an astonishing 79.5% of revenues – I don’t recall ever seeing such a high net profit margin.Profit growth is 49% against H1 last year, which…
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