Avon Rubber increases its 2016 full year dividend by 30%

FINANCIAL HIGHLIGHTS:

Operating profit growth of 8%

EBITDA growth of 13%

Tax credit of £0.9m

Diluted earnings per share increased 33%

Return on sales (EBITDA divided by revenue) improved 1.3% from 20.3% to 21.6%

Continuing healthy conversion of operating profit to operating cash at 152%

Net cash at year end of £2m (2015: net debt of £13.2m)

Dividend of 9.48p per share up 30%