Porvair 2017 Final Results
Record revenue of £116.4 million (2016: £109.4 million), up 6%.
· 16% increase in profit before tax to a record £11.7 million (2016: £10.1 million).
· Basic earnings per share up 14% to a record of 19.5 pence (2016: 17.1 pence).
· Revenue growth at constant currency, stripping out large projects, was 11%.
· Strong cash generation: net cash was £9.8 million at 30 November 2017 (2016: £13.6 million) after £11.4 million (2016: £7.4 million) was invested in capital expenditure and acquisitions.
· Final dividend of 2.7 pence per share (2016: 2.4 pence per share) recommended, an increase of 12.5%.
· JG Finneran Associates Inc., acquired on 4 April 2017, trading ahead of our expectations. Integration actions going well.
· Rohasys BV, acquired on 7 December 2017, has started well.
