The Norcros PLC Board is declaring an interim dividend of 3.1p per share reflecting the strong first half performance and its confidence in the Group's prospects. The dividend is payable on 11 January 2022 to shareholders on the register on 26 November 2021. The shares will be quoted ex-dividend on 25 November 2021.
Other financial highlights include:
Strong market outperformance with a significant increase in revenue compared to 2019; 10.9% on a reported basis and 18.4% on a constant currency like for like basis
Record underlying operating profit of £22.0m; an increase of 26.4% compared to 2019
Balance sheet remains strong with £1.0m net cash (pre-IFRS 16) with significant liquidity and funding headroom
