Anpario Plc announce an interim dividend of 3.20 pence per share (H1 2022: 3.15 pence per share), an increase of 2%. This dividend, payable on 24 November 2023 to shareholders on the register on 10 November 2023, reflects the Board's continued confidence in the Group and its ability to generate cash.
Other financial highlights include:
- 7% decrease in sales to £15.3m (H1 2022: £16.5m) as sales growth in the United States and Australasia was offset by declines across Asia Pacific, Europe and Latin America.
- Gross profits fell by a lower amount of 3% due to an increase in gross margins to 43.9% (H1 2022: 41.9%)
- 37% decrease in adjusted EBITDA to £1.9m (H1 2022: £3.0m)
- 42% decrease in profit before tax to £1.4m (H1 2022: £2.4m)
- Diluted adjusted earnings per share down 42% to 5.66p (H1 2022: 9.81p)
- Cash balances, including short-term investments, of £7.3m at 30 Jun 2023 (31 Dec 2022: £13.6m), after £9.1m transferred to an escrow account ahead of the completion of the tender offer in July.
