The Board is declaring an interim dividend of 3.1p per share reflecting the strong first half performance and its confidence in the Group's prospects. This represents an increase of 10.7% over the interim dividend from the previous year of 2.8p per ordinary share. The dividend is payable on 10 January 2020 to shareholders on the register on 29 November 2019. The shares will be quoted ex-dividend on 28 November 2019.
Other financial highlights include:
Revenue increased by 11.4% on a reported basis, 12.8% on a constant currency basis, and 0.9% on a like for like basis
Underlying operating profit increased by 12.5% to £17.1m on a pre-IFRS16 basis
Strong UK domestic organic revenue growth in trade and retail sectors
House of Plumbing integrated and performing to expectations
Good cash generation - reduction in net debt