Hunting PLC's second interim dividend of 2.0 cents declared in respect of H1 2020 (H1 2019 - 5.0 cents), absorbing cash of approximately $3.3m (H1 2019 - $8.3m), payable to shareholders on 23 October 2020, with a record date of 2 October 2020. The Board is declaring this interim dividend given the Group's strong balance sheet and healthy cash position. An interim dividend of 3.0 cents per share was paid on 15 May 2020, which replaced the 2019 Final Dividend.
Other financial highlights include:
Revenue $377.7m (H1 2019 - $508.9m)
Underlying EBITDA $28.4m (H1 2019 - $77.4m)
Underlying profit from operations $5.7m (H1 2019 - $55.6m profit)
Exceptional impairments to assets charged totalling $174.9m (H1 2019 - $nil)
Reported loss from operations of $183.6m (H1 2019 - $41.1m profit)
Underlying diluted earnings per share 1.0 cent (H1 2019 - 23.6 cents)
Reported diluted (loss) earnings per share (125.7) cents (H1 2019 - 17.3 cents)
Total cash and bank of $48.8m (31 December 2019 - $127.0m)
$160m revolving credit facility remains undrawn at 30 June 2020
