Huntings plc have announced a final dividend of 6.0 cents per share proposed (2018 - 5.0 cents) and payable on 15 May 2020 to shareholders on the register on 17 April 2020, subject to approval at the Company's AGM
Other financial highlights include:
Revenue $960.0m (2018 - $911.4m)
Underlying EBITDA $139.7m (2018 - $142.3m)
Reported EBITDA $139.7m (2018 - $141.3m)
Underlying profit from operations of $94.3m (2018 - $104.7m)
Reported profit from operations of $46.8m (2018 - $75.4m)
Underlying diluted earnings per share 43.9 cents (2018 - 49.6 cents)
Reported diluted earnings per share 23.5 cents (2018 - 52.3 cents)
Impairment of Drilling Tools fleet of $19.0m (2018 - $nil)
ROCE 8% (2018 - 9%)
Net cash, before lease liabilities, of $123.1m (31 December 2018 - $61.3m)
Initiating share buyback programme of 2 million shares, with an approximate cost of $8 million, commencing on 27 February 2020
