Revenue 8% higher at £146.3 million (2020: £135.0 million), 12% higher on a constant currency basis.
The Porvair PLC Board re-affirms its progressive dividend policy and recommends a final dividend of 3.5 pence per share, a cost of £1.6 million (2020: 3.3 pence per share, a cost of £1.5 million). The full year dividend increases by 6% to 5.3 pence per share, a cost of £2.4 million (2020: 5.0 pence per share, a cost of £2.3 million). The Company had £27.8 million (2020: £17.9 million) of distributable reserves at 30 November 2021.
Other financial highlights include:
Operating profit 25% higher at £15.8 million (2020: £12.6 million).
Adjusted operating profit 17% higher at £15.9 million (2020: £13.6 million).
Profit before tax 28% higher at £14.8 million (2020: £11.6 million).
Adjusted profit before tax 17% higher at £14.8 million (2020: £12.6 million).
Basic earnings per share were 26.0 pence (2020: 18.4 pence).
Adjusted basic earnings per share were 25.2 pence (2020: 21.6 pence).
Net cash was £10.2 million (2020: £4.9 million) after investing £7.2 million (2020: £4.2 million) in capital expenditure and acquisitions.
