Portmeirion reports strong 2011
Portmeirion Group, an AIM-listed pottery group, recorded a rise in revenue, pre-tax profit and earnings per share for the year ended December 31st.
Portmeirion Group, an AIM-listed pottery group, recorded a rise in revenue, pre-tax profit and earnings per share for the year ended December 31st.
Revenue increased by 4.6% from £51.2m to a record £53.6m, while pre-tax profit rose to £6.3m from £5.4m (£5.2m after exceptional items), up by 16.2%. Earnings per share leapt 25.9% from 34.91p to 43.94p.
The dividend was increased from 17.40p to 19.60p.
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
Dick Steele, Non-executive Chairman said: "Portmeirion is in fine condition. Our brands are stronger and more valuable and our product ranges are deeper and wider than at any time in our 52 year history. We remain confident for the future.
"While we have experienced a slower start in 2012 than we enjoyed in 2011, this was expected and our confidence remains for the full year."
The firm finished the year with cash balances of £6.8m (2010: £6.2m).
The share price rose 5.98% to 487.50p by 14:16.
NR
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
8 of the best houses for sale with annexes
The best houses with annexes – from a period property in the Lake District to a 13th-century house with a two-bedroom annexe in Saltwood, Kent
By Natasha Langan Published
-
Zelenskyy moves to appease Donald Trump – what happens now?
Ukraine’s president Volodymyr Zelenskyy is conceding ground to secure the least-worst deal possible, says Emily Hohler
By Emily Hohler Published