Diploma increases its 2018 interim dividend by 10%
Diploma 2018 interim results
Revenue and adjusted operating profit increased by 8% and 9% respectively.
Underlying revenue increased by 7%; currency movements decreased revenues by 4% and businesses acquired made a contribution of 5%.
Adjusted operating margins improved by 10bps to 17.3%; in line with Full Year 2017.
Adjusted profit before tax increased by 9% to £40.4m; adjusted EPS increased by 12% to 26.7p reflecting benefit of reduction in US tax rate.
Robust free cash flow of £17.7m after an £11.2m investment in working capital; net cash funds of £17.7m at end of March.
Interim dividend increased by 10% to 7.7p per share reflecting confidence in Group's growth prospects.
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