The Gooch & Housego Board has declared an interim dividend of 4.8p per share (2022: 4.7p). This dividend will be payable to shareholders on the register as at 23 June 2023 on 28 July 2023.
Other financial highlights include:
H1 revenue up 31.7% at £71.3m (H1 2022: £54.1m) reflecting strong growth in all market segments
Increase in productive capacity and steady reduction in overdue backlog
Adjusted operating profit up 32.9% to £5.2m (H1 2022: £3.9m)
Cost inflation persists but is being passed on with some time lag
Order book remains strong at £124.4m (H1 2022: £119.9m)
Cash from operations of £6.0m (H1 2022: £3.2m) despite £5m investment in inventory levels
Full year expectations are unchanged
Review of the Group's strategy complete
