Diploma increases 2014 interim dividend by 8%

DividendMax Ltd.

Diploma increases 2014 interim dividend by 8%

Financial Highlights

Underlying revenue and adjusted operating profit increased by 9% and 7% respectively, after adjusting for currency effects and acquisitions. 

Significant strengthening in UK sterling limited growth in reported revenue and adjusted operating profit to 6% and 3% respectively. 

Adjusted profit before tax and EPS both increased by 3% to £27.6m and 17.5p, respectively.

Free cash flow increased by 7% to £13.0m helped by lower capital expenditure as Group's Investment for Growth programme reduces.

Acquisition expenditure of £11.4m; net funds of £8.0m at the end of March.

Interim dividend increased by 8% to 5.4p per share reflecting confidence in Group's growth prospects.

Companies mentioned