Porvair announce an interim dividend maintained at 1.7 pence per share

DividendMax Ltd.

Porvair announce an interim dividend maintained at 1.7 pence per share

The final dividend approved for the year ended 30 November 2019 was paid to shareholders on 5 June 2020.

The Porvair Directors have declared an interim dividend of 1.7 pence (2019: 1.7 pence) per share to be paid on 28 August 2020 to shareholders on the register at the close of business on 24 July 2020. The ex-dividend date for the shares is 23 July 2020.

Other financial highlights include:

Revenue grew 2% to £73.2 million (2019: £72.0 million), 1% on a constant currency basis.

Operating profit increased 20% to £9.3 million (2019: £7.8 million). Adjusted operating profit increased by 13% to £9.0 million (2019: £8.0 million).

Profit before tax increased 19% to £8.8 million (2019: £7.4 million).

Basic earnings per share were 13.1 pence (2019: 12.4 pence). Adjusted basic earnings per share grew 11% to 14.3 pence (2019: 12.9 pence).

Net cash was £1.0 million (31 May 2019: £3.2 million) after investing £2.0 million (2019: £2.8 million) in capital expenditure.

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