Plexus hikes dividend
Plexus Holdings, an oil and gas engineering services business, said it was hiking its dividend after reporting record results for the year.
Plexus Holdings, an oil and gas engineering services business, said it was hiking its dividend after reporting record results for the year.
The firm is pushing its final dividend up 16.3% to 0.5p per share.
Revenues came in at £19.71m for the year to the end of June, up 27.8% on 2011.
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
The firm said this reflected a strong sales performance underpinned by a series of on-going and new contract wins, including securing customers in new territories.
Pre-tax profits almost doubled to a record £3.09m compared to a profit last year of £1.57m.
The group reported basic earnings per share of 2.99p compared to 1.55p in the prior year, an increase of 92.9%.
The company, which markets its own POS-GRIP method of wellhead engineering, said it was benefitting from increased industry receptiveness to new technology.
This was a result of regulatory and government initiatives focused on safety standards and operational performance in a number of oil equipment related areas, particularly subsea following the Gulf of Mexico incident in 2010.
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 converted properties for sale now
The best converted properties for sale – from an apartment in the former Hartley’s Jam factory on London’s Southbank, to a converted 18th-century mill in Itteringham, Norfolk
-
How taking a two-year career break could leave a £26k hole in your pension
Career breaks are increasingly common but it is important to take steps to protect your pension, as gaps compound over time