Reinforced polymer technology manufacturer Fenner saw its revenue rise 30% during the year ended 31 August.
Revenue rose to £718.3m from £552.5m, while operating profit rose 67% to £82.5m (2010: £49.3m).
Profit before tax was up 87% to £69.6m to £37.2m.
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
Chairman Mark Abrahams said: "Our robust business strategy, with customer focused operations, has enabled strong organic growth across the group. This has been complemented by three acquisitions during the year and a further acquisition shortly after the year end.
"The new year has begun with our businesses performing well. While we note the uncertainty over the global economic outlook, trading in our core businesses remains in line with our expectations. Given the fundamental drivers of end user markets and our ability to respond to the external environment, the prospects for the group remain good."
The board has recommended an 11% increase in its dividend to 8p.
Basic earnings per share rose from 14.6p to 24.6p. Cash at the end of the period rose to £104.3m (2010: £44.7m).
The share price rose 1.89% to 355.1p to 08:54.
NR
-
Thousands of Neil Woodford investors sue Hargreaves LansdownMore than 5,000 people who invested in Woodford's collapsed equity income product are taking Hargreaves Lansdown to court
-
Is now a good time to invest in gold?In the current market conditions, is gold a good investment? We explore the reasons why now might be a good time to put some money into gold.
