Hargreaves Services plc interim dividend increased by 7.1% to 3.0p

DividendMax Ltd.

Hargreaves Services plc interim dividend increased by 7.1% to 3.0p

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.

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