Renew Holdings increases its 2016 interim dividend by 18%

DividendMax Ltd.

Renew Holdings increases its 2016 interim dividend by 18%

Highlights

Order book up 9% to £515m (H1 2015: £471m)

9% increase in Engineering Services order book to £416m (H1 2015: £382m)

Expected revenue for H2 secured

Engineering Services revenue up 6% to £221.3m (2015: £209.8m)

12% organic growth, excluding non-recurring revenue recorded in 2015

Further reduction in net debt to £4.2m (2015: £13.9m)

The Board expects to report net cash at the end of this financial year

Interim dividend increased by 18% to 2.65p per share (2015: 2.25p)

Companies mentioned