By Michael Millar
Date: Tuesday 07 Aug 2012
LONDON (ShareCast) - Foam products maker, Zotefoams, reported a strong first half with profits and revenues up towards double digits.
Profit before tax rose by 9.5% to £3.59m on revenues that were up 9.9 % to £24.81m.
Earnings per share increased by 10.6% to 7.3p, while the company declared an increased dividend of 1.7p per share - a rise of 6.25%.
The company's Chairman, Nigel Howard, noted the turbulent macroeconomic conditions.
"During the first half of 2012, traditionally our more profitable trading period, we have delivered a strong performance in profit and operating cash generation," he said.
"We have made good underlying progress in the higher-growth parts of our business such as HPP and Azote foams in Asia, supported by a robust performance across the wider portfolio of our operations which will stand us in good stead for the future."
"With a strong forward order book, the company is trading in line with the board's expectations for the full year and we expect 2012 to be a year of further progress," he added.
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Currency | UK Pounds |
Share Price | 491.00p |
Change Today | 15.00p |
% Change | 3.15 % |
52 Week High | 494.75 |
52 Week Low | 276.00 |
Volume | 101,247 |
Shares Issued | 48.85m |
Market Cap | £239.84m |
RiskGrade | 186 |
Value |
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Price Trend |
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Income |
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Growth |
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Strong Buy | 1 |
Buy | 1 |
Neutral | 0 |
Sell | 0 |
Strong Sell | 0 |
Total | 2 |
Latest | Previous | |
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Final | Interim | |
Ex-Div | 02-May-24 | 07-Sep-23 |
Paid | 03-Jun-24 | 06-Oct-23 |
Amount | 4.90p | 2.28p |
Time | Volume / Share Price |
16:16 | 2,000 @ 490.15p |
16:15 | 1,000 @ 490.15p |
16:11 | 60 @ 494.75p |
16:07 | 2,545 @ 490.97p |
15:59 | 1,000 @ 494.75p |
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