Despite the short-term market challenges faced, the Robinson PLC Board has confidence in the medium term prospects for the business and therefore announces an interim dividend of 2.5p per share to be paid on 8 October 2021 to shareholders on the register at 10 September 2021 (record date). The ordinary shares ex-dividend date is 9 September 2021.
The current intention of the Board is to pay a total dividend of 5.5p (2020: 8.5p including the 3.0p deferred 2019 final dividend) per share for the year ended 31 December 2021.
Other financial highlights include:
Revenue up 19% to £21.2m (2020: £17.9m)
Gross margin decreased to 16.7% from 23.6% in 2020
Operating profit before amortisation of intangible assets reduced to £0.1m (2020: £1.6m)
Loss before tax of £0.6m (2020: profit of £1.1m)
Net debt of £13.7m (31/12/2020: £6.6m), after net capital expenditure of £2.0m, consideration for the Schela Plast acquisition of £1.4m and net debt acquired of £3.5m