Communisis increases its 2017 interim dividend by 10%

DividendMax Ltd.

Communisis increases its 2017 interim dividend by 10%

Revenue increased 6% to £186.0m

Overseas revenue increased to 30% of total Group revenue from 24% in H1 2016

Adjusted operating profit increased by 10% to £8.5m  

Adjusted earnings per share up 2% to 2.46p

Free cash flow increased to £6.5m, delivering a reduction in net debt to £28.3m

Interim dividend increased 10% to 0.89p

Bank refinancing completed in August with a new five year facility secured on improved terms

Settlement reached in principle with pension trustees in July after the triennial valuation, to agree annual base company contributions for the next three years

Companies mentioned