Morgan Advanced Materials increases its 2013 Interim dividend by 5.6%

DividendMax Ltd.

Morgan Advanced Materials increases its 2013 Interim dividend by 5.6%

Financial Highlights

As expected, revenue at constant currency in the first half of the year was broadly flat compared to the second half of 2012

Group EBITA margin for the first half of year was 12.0%, an improvement over the second half of 2012 which was 11.0%

Good cash generation from operating activities versus H1 2012

Net debt to EBITDA ratio at half year was 1.5 times (2012: full year 1.3 times)

Interim dividend increased by 5.6% to 3.8 pence per share (2012: Interim 3.6 pence per share) reflecting the Board's confidence in the business

Companies mentioned