Norcros increases its 2017 interim dividend by 9.1%

DividendMax Ltd.

Norcros increases its 2017 interim dividend by 9.1%

Highlights

Resilient first half performance

Revenue increased by 9.2% on a constant currency basis

Underlying operating profit increased by 11.1% to £11.0m

Return on sales in South African business increased to 7.2% (2015: 4.9%)

Profit before tax increased by 10.0% to £7.7m

Strong underlying operating cash generation: 113% of underlying EBITDA

Net debt reduced by £5.0m since 31 March 2016

Interim dividend increased by 9.1% to 2.4p per share

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