Polypipe increases its 2017 interim dividend by 16.1%

DividendMax Ltd.

Polypipe increases its 2017 interim dividend by 16.1%

Financial Highlights

Performance in line with management expectations

Revenue 8.4% higher at £242.0m, or 6.9% on a like for like basis

UK revenue 6.8% ahead

Underlying operating profit 3.1% higher at £38.9m

Underlying diluted earnings per share 5.9% higher at 14.3 pence per share

Net debt of 2.0 times LTM EBITDA compared to 2.3 times in the prior year, and on track to meet management expectations for the year.

Interim dividend increased 16.1% to 3.6 pence per share

Companies mentioned