Porvair increases its 2016 final dividend by 9%

DividendMax Ltd.

Porvair increases its 2016 final dividend by 9%

Strong financial performance:

Record revenue of £109.4 million (2015: £95.8 million), up 14%. At constant currency up 8%.

Profit before tax up 10% to a record £10.1 million (2015: £9.2 million).

Basic earnings per share up 10% to 17.1 pence (2015: 15.5 pence).

Strong cash generation: net cash increased to £13.6 million at 30 November 2016 (2015: £10.7 million). £7.4 million (2015: £4.4 million) invested in capital expenditure and acquisitions.

Final dividend of 2.4 pence per share (2015: 2.2 pence per share) recommended, an increase of 9%.

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