Thorpe (FW) plc's performance as a whole for the year to 30 June 2024 allows their Board to recommend an increased final dividend of 5.08p per share (2023:4.84p), which gives a total for the year of 6.78p (2023: 6.46p excluding special dividend). A special dividend of 2.50p will also be paid, reflecting Thorpe (FW) plc's strong cash position.
Other financial highlights include:
Steady performance, supported by operational improvements at Thorlux and revenue growth at Lightronics
Solid operating profit growth despite inflationary cost pressures
Recent acquisitions continue to perform in line with expectations
Strong net cash generated from operating activities - £41.4m (2023: £31.9m)
Robust start to 2024/25, with operating performance marginally ahead of the prior year
