Low & Bonar increases its 2015 interim dividend by 3.2%

DividendMax Ltd.

Low & Bonar increases its 2015 interim dividend by 3.2%
 

6 months to

31 May

   

12 months

to 30 Nov

 

2015

2014

Actual

Constant Currency

2014

 

           

Revenue

£186.0m

£196.3m

(5.2)%

0.9%

£410.6m

Operating margin

6.8%

5.9%

   

7.7%

PBTA

£9.7m

£8.6m

12.8%

19.8%

£25.2m

Profit before taxation (statutory)

£7.4m

£5.2m

42.3%

 

£16.7m

Basic EPS

2.04p

1.86p

9.7%

16.6%

5.46p

Dividend per share

0.98p

0.95p

3.2%

 

2.70p

ROCE

11.8%

11.4%

   

11.4%

Highlights:

Revenue increased by 0.9% on a constant currency basis; overall sales volumes were 3% up

Year-on-year profit growth assisted by lower raw material costs

Profit increases in Interiors & Transport, Building & Industrial and Coated Technical Textiles

Sports & Leisure performing well and gaining market share

Civil Engineering markets remain challenging but stable

Slow progress at Bonar Natpet  

Martin Flower, Chairman, said:

"We have made steady progress in the first half buoyed by favourable raw material pricing. It is gratifying to see profit increases and market share gains in most sectors. Some of these gains have been offset by significantly lower profits in Civil Engineering and a slower than anticipated sales progression at Bonar Natpet.

Overall, we remain on track to meet the Board's expectations for the full year."

Companies mentioned