Business
Results for the year ended 30 November 2018
Results for the year ended 30 November 2018.
About this update from Porvair Plc
[{"type":"text","content":"\n \nRNS Number : 2029O Porvair PLC 28 January 2019 \n\nFor immediate release 28 January 2019\n \nResults for the year ended 30 November 2018\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 2018.\nHighlights\nStrong financial performance:\n· Record revenue of £128.8 million (2017: £116.4 million), up 11%. \n· Profit before tax up to a record £12.0 million (2017: £11.7 million).\n· Adjusted profit before tax* increased to £13.5 million (2017: £12.4 million).\n· Basic earnings per share up 13% to 22.1 pence (2017: 19.5 pence).\n· Adjusted basic earnings per share* up 11% to 22.9 pence (2017: 20.7 pence).\n· Net cash was £6.6 million at 30 November 2018 (2017: £9.8 million) after £13.5 million (2017: £11.4 million) invested in capital expenditure and acquisitions.\n· Recommended final dividend of 3.0 pence per share (2017: 2.7 pence per share), an increase of 11%.\n· Rohasys BV acquired and traded in line with expectations in its first year.\n· Keystone Filter acquired and integrated into the Aerospace & Industrial division.\n· Order books for 2019 are healthy, ahead of the prior year.\n \nCommenting on the outlook, Ben Stocks, Chief Executive, said:\n\"The Group has started 2019 with a healthy order book and is trading well. The acquisitions made during the year have ...