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Norcros FY pretax profit rises 12.6%

By BFN News | 07:47 AM | Thursday 19 June, 2014


Norcros booked a FY pretax profit of £5.8m, up 12.6% from £5.2m. Revenue was £218.7m, up 9.2% from £200.4m. Its FY dividend per share was 0.51p, up 10.9% from 0.46p. "Norcros has made significant progress during the year to 31 March 2014, recording a fifth consecutive year of revenue and underlying operating profit growth, which was achieved despite mixed market conditions in the UK and a challenging environment in South Africa," said chairman Martin Towers in a statement. "I believe that the Group will continue to make progress towards its strategic targets of doubling revenue to £420m by 2018 through both organic and acquisitive growth, and achieving an underlying return on capital employed between 12% and 15% across the cycle," he said. "Underpinned by our strong brands, leading market positions and continued self-help initiatives focused on market share gain and operating efficiencies, I look forward to the future with confidence." Story provided by StockMarketWire.com

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