Hargreaves Services are announcing a 7.1% increase in the interim dividend to 3.0p (2021: 2.8p). The interim dividend will be paid on 6th April 2023 to shareholders on the register at 24th March 2023.
Other financial highlights include:
Strong revenue growth in Services, leading to an overall increase of 53% year on year, primarily due to HS2
Growth in PBT across all business units, delivering an overall increase of 80%
Cash in hand of £18.1m, up from £8.5m in Nov 2021.
Increase in leasing debt due to investment in plant to support HS2 driven growth in revenue and PBT
Net assets per share have increased by 31% over the last twelve months.