The Board of Trifast plc has declared an interim dividend increase of 9.1% to 1.20 pence. This will be paid on 11 April 2019, to shareholders on the Register as at 15 March 2019. The shares will become ex-dividend on 14 March 2019.
The company reported unaudited consolidated earnings results for the six months ended September 30, 2018. For the period, the group reported revenue of GBP 104,981,000 compared to GBP 97,813,000 a year ago. Operating profit was GBP 8,322,000 compared to GBP 9,340,000 a year ago. Profit before tax was GBP 8,002,000 compared to GBP 9,118,000 a year ago. Profit attributable to equity shareholders of the parent company was GBP 5,915,000 or 4.82 pence per diluted share compared to GBP 8,093,000 or 6.56 pence per diluted share a year ago. Net cash generated from operating activities was GBP 4,949,000 compared to GBP 3,647,000 a year ago. Acquisition of property, plant and equipment was GBP 1,288,000 compared to GBP 1,269,000 a year ago. EBITDA was GBP 10,123,000 compared to GBP 10,833,000 a year ago. Underlying EBITDA was GBP 12,942,000 against GBP 12,066,000 a year ago. Underlying operating profit was GBP 11,875,000 against GBP 11,131,000 a year ago. Underlying profit before tax was GBP 11,555,000 against GBP 10,909,000 a year ago. Underlying diluted earnings per share were 7.2 pence compared to 6.78 pence a year ago. Net debt as at September 30, 2018 was GBP 13,532,000 against GBP 7,870,000 as at September 30, 2017.