Morgan Advanced Materials maintains its 2017 interim dividend

DividendMax Ltd.

Morgan Advanced Materials maintains its 2017 interim dividend

Group highlights

Improving momentum in the business with organic constant currency growth in the second quarter

Continued progress on strategy implementation, with two divestments completed. These reduce complexity and strengthen the balance sheet, with net debt / EBITDA at 1.1 times (FY 2016: 1.6 times)

On track to make the planned £6 million incremental increase in research and development and sales capability

Group headline operating profit margin improved to 11.9% (1H 2016: 11.6%)

Headline EPS increased to 11.6 pence (1H 2016: 10.5 pence)

Dividend maintained at 4p.

Companies mentioned