Business
Results for the year ended 30 November 2017
Results for the year ended 30 November 2017.
About this update from Porvair Plc
[{"type":"text","content":"\n \nRNS Number : 1238D Porvair PLC 29 January 2018 \n \n\nFor immediate release 29 January 2018\n \nResults for the year ended 30 November 2017\n \nRecord revenue, profit before tax and strong cash generation\nPorvair plc (\"Porvair\" or \"the Group\"), the specialist filtration and environmental technology group, today announces its results for the year ended 30 November 2017.\nHighlights\nStrong financial performance:\n· Record revenue of £116.4 million (2016: £109.4 million), up 6%. \n· 16% increase in profit before tax to a record £11.7 million (2016: £10.1 million).\n· Basic earnings per share up 14% to a record of 19.5 pence (2016: 17.1 pence).\n· Revenue growth at constant currency*, stripping out large projects, was 11%.\n· Strong cash generation: net cash was £9.8 million at 30 November 2017 (2016: £13.6 million) after £11.4 million (2016: £7.4 million) was invested in capital expenditure and acquisitions.\n· Final dividend of 2.7 pence per share (2016: 2.4 pence per share) recommended, an increase of 12.5%.\n· JG Finneran Associates Inc., acquired on 4 April 2017, trading ahead of our expectations. Integration actions going well.\n· Rohasys BV, acquired on 7 December 2017, has started well.\n \nCommenting on the outlook, Ben Stocks, Chief Executive, said:\n\"The Group has started 2018 with a healthy order position and is trading well. Investments in capacity and manufacturing capabilities have continued throughout 2017 and will allow for further growth. JG Finneran Associates Inc...