Mpac reinstates dividend of 1.5p

DividendMax Ltd.

Mpac reinstates dividend of 1.5p

The Mpac Board is recommending recommencement of dividend payments with a final dividend of 1.5p per ordinary share. No interim dividend was paid in 2019. Subject to approval at the Annual General Meeting on 6 May 2020 the final dividend will be paid on 15 May 2020 to ordinary shareholders registered at the close of business on 17 April 2020, at a cost of £0.3m.

Other financial highlights include:

Excellent progress made on strategic initiatives resulting in a step change in financial performance

Successful acquisition and integration of Lambert Automation

Increase in order intake of 37% compared to 2018 and a closing order book of £52.2m (2018: £53.1m)

Revenue growth of 52% to £88.8m (2018: £58.3m)  

Underlying profit before tax of £7.5m (2018: £1.4m) and statutory profit before tax of £5.4m (2018: loss £7.4m)

Underlying earnings per share of 39.5p (2018: 4.5p) 

Basic earnings per share of 29.7p (2018: loss of 30.1p) 

Cash of £18.9m (2018: £27.9m) 

Companies mentioned