GKN increases its 2015 interim dividend by 4%

DividendMax Ltd.

GKN increases its 2015 interim dividend by 4%

Group Highlights

·      Sales increased 1% organically

·      Trading margin improved to 9.0%

·      Profit before tax (management basis) up 4%

·      Reported profit before tax was £212 million (2014: £224 million)

·      Earnings per share up 1%, impacted by an increased tax rate of 24% (2014: 22%)

·      Interim dividend increased 4% to 2.9 pence per share 

·      Free cash flow of £21 million (2014: £19 million)

·      Net debt of £708 million (31 December 2014: £624 million), reflecting normal seasonality

·      Acquisition of Fokker Technologies and placing announced separately today.

 

Companies mentioned