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Porvair announce a recommended final dividend of 3.2 pence per share, an increase of 7%.

Investment Tools Ltd.
Porvair announce a recommended final dividend of 3.2 pence per share, an increase of 7%.

The Porvair Board recommends an increased final dividend of 3.2 pence per share, a cost of £1.5 million (2018: 3.0 pence per share, a cost of £1.4 million).  The full year dividend increased by 7% to 4.9 pence per share, a cost of £2.2 million (2018: 4.6 pence per share, a cost of £2.1 million).  

Other financial highlights include:

Record revenue was up 13% to £144.9 million (2018: £128.8 million), 10% on a constant currency basis.

Profit before tax was up 16% to a record £14.0 million (2018: £12.0 million).

Adjusted profit before tax was up 9% to £14.8 million (2018: £13.5 million).

Basic earnings per share were up 7% to 23.6 pence (2018: 22.1 pence) per share. 

Adjusted basic earnings per share up 10% to 25.3 pence (2018: 22.9 pence) per share.

Net cash was £4.0 million (2018: £6.6 million) at 30 November 2019 after £14.1 million (2018: £13.5 million) invested in acquisitions and capital expenditure.

Dahlman Industrial Group B.V. ("Royal Dahlman") was acquired for £7.0 million in September 2019 and traded in line with expectations in its first quarter.

Companies mentioned

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