Porvair plc recommends a final dividend of 3.8 pence per share, at a value of £1.7 million (2021: 3.5 pence per share, at a value of £1.6 million). The full year dividend increases by 7.5% to 5.7 pence per share, a value of £2.6 million (2021: 5.3 pence per share, a value of £2.4 million). The Company had £36.5 million (2021: £27.8 million) of distributable reserves at 30 November 2022.
Other financial highlights include:
· Revenue 18% higher at £172.6 million (2021: £146.3 million), 13% higher on a constant currency basis.
· Operating profit 25% higher at £19.8 million (2021: £15.8 million).
· Adjusted operating profit 29% higher at £20.5 million (2021: £15.9 million).
· Profit before tax 26% higher at £18.7 million (2021: £14.8 million).
· Adjusted profit before tax 31% higher at £19.4 million (2021: £14.8 million).
· Basic earnings per share 23% higher at 32.1 pence (2021: 26.0 pence).
· Adjusted basic earnings per share 32% higher at 33.2 pence (2021: 25.2 pence).
· Net cash was £18.3 million (2021: £10.2 million) after investing £5.9 million (2021: £7.2 million) in capital expenditure and acquisitions.
