Macfarlane maintains 2014 interim dividend at 0.5p

DividendMax Ltd.

Macfarlane maintains 2014 interim dividend at 0.5p

Highlights

Sales 3% ahead of last year at £70.1m (2013: £68.1m)

Profit before tax and exceptional items of £1.2m (2013: £1.6m)

Profit after exceptional items and tax of £1.0m (2013: £1.0m)

Acquisition of Lane Packaging performing to plan and further acquisitions are planned

Board is confident that full year expectations will be met

Pension deficit reduced by £2.7m since December 2013 reflecting additional contributions of £2.5m

Net debt of £11.6m (30 June 2013: £7.2m) reflecting additional pension scheme contribution and acquisition of Lane Packaging

Interim dividend of 0.50p per share proposed for payment October 2014 (2013: 0.50p per share)

   

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