James Halstead increases 2013 final dividend by 9.1%

DividendMax Ltd.

James Halstead increases 2013 final dividend by 9.1%

Revenue slightly reduced at £217.1 million (2012: £226.3 million) - down 4.1%

 

Profit before tax £41.2 million (2012: £42.7 million) - down 3.5%

 

Earnings per 5p ordinary share of 14.8p (2012: 14.7p) -  up 1%

 

Final dividend per ordinary share proposed of 6.0p (2012: 5.5p) - up 9.1%

 

Strong cash inflow from operations of £42.1 million (2012: £37.3 million)

 

Nil net gearing

Mr Mark Halstead, Chief Executive, commenting on the results, said:

"We have grown significantly in the last few years and though in this year like for like turnover is 1.1% behind last year this should not detract from the upward trend we have seen and are determined to exploit. We remain highly profitable and cash generative which underpins our ability and intention to continue our record of dividends."

Companies mentioned