Costain increases its 2016 interim dividend by 15%

DividendMax Ltd.

Costain increases its 2016 interim dividend by 15%


Another strong trading performance

o Revenue increased to £791.4 million (2015: £621.1 million)

o Underlying operating profit2 up 21% to £15.8 million (2015: £13.1 million)

o Record order book of £3.9 billion, up 5% on June 2015

Accelerating growth both organically and by acquisition

o Post period-end acquisition of SSL for £17.0 million further enhances technology integration capability

o Rhead Group acquired in August 2015 for £36.0 million, now fully integrated and performing well

o Over 90% of order book is repeat business

o Nature of service offering changing rapidly, with over 1,000 people now in consultancy and advisory roles, representing 25% of the total head count

Positive outlook

o Over £1.4 billion of revenue secured for FY 2016 by 30 June (2015: over £1.2 billion secured for FY 2015)

o Net cash balance of £69.2 million (2015: £126.8 million) and increased banking facilities

Interim dividend increased by 15% to 4.3 pence per share (2015: 3.75 pence)

Companies mentioned