Devro increases 2013 interim dividend by 1.9%

DividendMax Ltd.

Devro increases 2013 interim dividend by 1.9%

Financial highlights

2013

Unaudited

2012

Restated*

Unaudited

 

Revenue

£118.9m

£115.4m

+3.1%

Operating profit

£17.9m

£20.5m

-12.8%

Profit before tax excluding net interest on pensions

£17.3m

£19.9m

-13.1%

Basic earnings per share excluding net interest on pensions

8.7p

9.7p

-10.3%

Interim dividend (per share)

2.70p

2.65p

+1.9%

Corporate highlights

 

Sales revenue rose by 3% ahead of the same period last year with volumes up by 1% and pricing per unit up by 2%

Sales of our premium product Select continue to grow and now represent 8.5% of total revenues

Capital expansion programme at the Czech plant is near completion, one month ahead of schedule and within budget

Operating profits impacted by raw material cost increases and temporary manufacturing issues in the USA earlier in the year which have now been resolved

Companies mentioned