In consideration of the consequences of Covid Alumasc Group PLC's Board decided to suspend dividend payments in the conservation of capital during the first half of last year; and payments were only resumed as the year progressed. The Board is recommending an increase in the final dividend to 6.25p per share (2020: 2p per share), making a total for the year of 9.5p. This compares with a total of 2p in 2019/20, and 7.35p in the earlier "pre-pandemic" year.
Other financial highlights include:
Double-digit growth in revenues from continuing operations: £90.5m (2019/20: £76.0m): +19.0%
Group underlying operating profit £11.0m (2019/20: £4.2m): +162% reflecting both strong growth and the benefit of structural cost and efficiency gains
Underlying operating margin: 12.2% (2019/20: 5.5%)
Reported PBT £9.8 million (2019/20: £2.7 million)
Robust balance sheet with net bank debt of £0.9m (2020: £4.3m). Headroom c.£23m
Underlying EPS: 23.7p (2019/20: 8.2p): +189%
Basic EPS: 21.2p (2019/20: 6.3p)
