Ensor boosts dividend as operating profit doubles
Shares in building materials supplier Ensor Holdings jumped almost 25 per cent after the company doubled both its half year operating profit and earnings per share (EPS) and boosted the interim dividend by 45 per cent.
Shares in building materials supplier Ensor Holdings jumped almost 25 per cent after the company doubled both its half year operating profit and earnings per share (EPS) and boosted the interim dividend by 45 per cent.
Revenue for the period increased from £11.1m to £16.2m, while pre-tax profit came in at £1.1m, compared to £0.5m. EPS doubled to 2.8p year-on-year.
The dividend was increased to 0.4p from 0.275p the previous year.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
In a statement the group said: "These very pleasing results include the first full contribution by Technocover which has continued to improve since the acquisition of the company in January this year. The results for our other established businesses have been in line with our expectations, holding up well during an economically flat period.
"There are some signs of improvements in the economy as we start the second half of our financial year, but we are not relying on these signs and continue to work hard to maintain a 'tight ship'.
"Group cash flows continue to be excellent with cash of £1.22m being generated from operations. During the half year we have financed a pension scheme enhanced transfer value exercise, paid dividends, repaid loans and furthered our capital expenditure plans whilst reducing our gearing to 28% (2011: 34%)."
The share price rose 24.64% to 43p by 14:31.
NR
-
Who is the richest person in the world?
The top five richest people in the world have a combined net worth of $825 billion. Who takes the crown for the richest person in the world?
By Vaishali Varu Published
-
Top 10 stocks with highest growth over past decade - from Nvidia, Microsoft to Netflix, which companies made you the most money?
We reveal the 10 global companies with the biggest returns since 2013. One firm has posted an astonishing 9,870% return, meaning a £1,000 investment would now be worth almost £82,000.
By Ruth Emery Published