The final dividend approved for the year ended 30 November 2019 was paid to shareholders on 5 June 2020.
The Porvair Directors have declared an interim dividend of 1.7 pence (2019: 1.7 pence) per share to be paid on 28 August 2020 to shareholders on the register at the close of business on 24 July 2020. The ex-dividend date for the shares is 23 July 2020.
Other financial highlights include:
Revenue grew 2% to £73.2 million (2019: £72.0 million), 1% on a constant currency basis.
Operating profit increased 20% to £9.3 million (2019: £7.8 million). Adjusted operating profit increased by 13% to £9.0 million (2019: £8.0 million).
Profit before tax increased 19% to £8.8 million (2019: £7.4 million).
Basic earnings per share were 13.1 pence (2019: 12.4 pence). Adjusted basic earnings per share grew 11% to 14.3 pence (2019: 12.9 pence).
Net cash was £1.0 million (31 May 2019: £3.2 million) after investing £2.0 million (2019: £2.8 million) in capital expenditure.
