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Hunting resumes dividend payments

Investment Tools Ltd.
Hunting resumes dividend payments

Hunting 2018 interim dividend

Increased revenue and EBITDA reported in the period and a return to underlying and reported profit before tax.

Gross margin of 31% (H1 2017 - 22%) and EBITDA margin of 16% (H1 2017 - 4%) achieved in the period on the back of a lower cost base and operating leverage benefits.

Hunting Titan and US operations report operating profits as markets improve. Asia Pacific, Canada, Europe, Middle East and E&P segments remain loss making.

Recommencement of shareholder distributions - interim dividend of 4.0 cents declared, absorbing approximately $6.6m, payable to shareholders on 24 October 2018, with a record date of 5 October 2018.

Companies mentioned

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