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Annual Results

Norcros improves FY underlying pretax profit

14 June 2017 09:46

Norcros has posted an underlying pretax profit of £22.9m for the year to March 31, 2017, up from £20.4m previously.

"It gives me great pleasure to announce that Norcros has recorded its eighth consecutive year of revenue and underlying operating profit growth and has also made good progress towards its strategic objectives," said chairman Martin Towers.

The company's underlying operating profit was £23.8m, from £21.3m. Revenue improved to £271.2m, from £235.9m. Its dividend was 7.2p a share, from 6.6p.

"These results demonstrate the Group's resilience in the face of some difficult trading conditions, and reflect the successful acquisition strategy and the sustained focus on driving organic growth through market share gain," said Towers in a results statement.

"In view of the success achieved in the current year, and the strong momentum and focus on growth, I remain confident that we will continue to make progress towards achieving our strategic objectives."

At 9:46am: (LON:NXR) Norcros PLC share price was +8p at 175.5p

Story provided by StockMarketWire.com

Related Company: NXR

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