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Povair increases it's interim dividend by 6% to 1.7 pence per share

Investment Tools Ltd.
Povair increases it's interim dividend by 6% to 1.7 pence per share

Povair Half Yearly Report

Revenue up 21% to £72.0 million (2018: £59.7 million), 17% on a constant currency basis.

Operating profit up 39% to £7.8 million (2018: £5.6 million). Adjusted operating profit up 38% to £8.0 million (2018: £5.8 million)

Profit before tax up 41% to £7.4 million (2018: £5.2 million).

Adjusted basic earnings per share up 36% to 12.9 pence (2018: 9.5 pence).

Basic earnings per share were 12.4 pence (2018: 10.7 pence). 

Net cash was £3.2 million (31 May 2018: £2.2 million). £2.8 million (2018: 7.0 million) was invested in acquisitions and capital expenditure during the period.

 Interim dividend increased 6% to 1.7 pence per share (2018: 1.6 pence).

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