Low & Bonar increases its 2015 full year dividend by 3%

DividendMax Ltd.

Low & Bonar increases its 2015 full year dividend by 3%

Good progress made in all global business units; Civil Engineering stabilised

Operating margin improved 60 bps to 8.3%, progress towards medium term objective of 10%+

Return on capital employed increased to 12%, in line with stated medium term objective

Colback facility in China has recently started commercial production as planned

New Group structure starting to deliver benefits

Non-recurring impairment charge of £8.2m for Saudi Arabian joint venture

Increased final dividend of 1.80 pence per share proposed (2014: 1.75 pence), an increase of 3% for full year

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