The Alumasc Group Plc Board have recommended to shareholders a final dividend of 6.65 pence per share (2020/21: 6.25 pence), which will absorb an estimated £2.4 million of shareholders' funds. This has not been accrued in these accounts as it was proposed after the end of the financial year. Subject to shareholder approval at the Annual General Meeting, it will be paid on 4 November 2022 to members on the share register on 30 September 2022.
Other financial hlights include:
Revenues from continuing operations up 14.9% to £89.4m (2021: £77.8m)
Group underlying operating profit up 26.9% to £13.3m (2021: £10.5m)
Underlying operating margin increased by 140bps to 14.9% (2021: 13.5%)
Underlying profit before tax up 27.0% to £12.7m (2021: £10.0m)
Export sales of £13.7m (2021: £7.6m), representing 15% (2021: 10%) of total revenue
Net bank debt of £4.7m (2021: £0.9m)
Underlying EPS up 27.1% to 28.6p (2021: 22.5p)
Basic EPS up 30.1% to 26.8p (2021: 20.6p)
