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Low & Bonar dividend rises 8% in 2013

04 Feb '14
2 min read

Low & Bonar PLC, the international performance materials group announces its final results for the year ended 30 November 2013.
 
Strong second half performance resulted in another year of sales and profit growth. Further investments made to enhance the Group’s strategic positioning and growth prospects.
 
Dividend increase of 8% reflecting the Board’s confidence in the coming year:
 
(1) Constant currency is calculated by retranslating comparative period results at current period exchange rates
(2) Profit before tax, amortisation and non-recurring items
(3) After amortisation and non-recurring items
(4) Last 12 months operating profit as a percentage of operating capital employed
 
Martin Flower, Chairman, said:
“These are good results during a period of continued macroeconomic challenge in Europe and poor weather in the first half of the year, providing further evidence of the quality and resilience of our business and its growth prospects.
 
The Group has continued to make investments to drive future growth: extending its product range in attractive segments with the acquisition of Texiplast, and increasing its geographic reach. These investments are already contributing to the current year and further underpin the Board’s confidence in a continuation of cash generative, profitable growth.”
 
Click here to view full results.
 

Low & Bonar PLC

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