GKN hikes divi as sales grow 13 percent

Automotive and aerospace engineer GKN hiked its total dividend by a fifth after seeing double-digit growth in both sales and profits in 2011.

Automotive and aerospace engineer GKN hiked its total dividend by a fifth after seeing double-digit growth in both sales and profits in 2011.

Sales (on a management basis) rose by 13% from £5,429m to £6,112m, an underlying increase of 10%, as a more subdued performance in GKN Aerospace was offset by strong growth in its Driveline, Powder Metallurgy and Land Systems divisions.

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