31st Jul 2018 10:34
LONDON (Alliance News) - 4imprint Group PLC on Tuesday increased its interim dividend by 15% after reporting revenue growth in the first six months of the year.
4imprint shares were trading up 7.4% at 2,060.00 pence each.
The promotional products marketer proposed a dividend of 15.85 pence per share in respect of the six months to June 30, 15% higher year-on-year from 13.80p.
Revenue for the half-year increased 17% to USD348.3 million from USD298.9 million year-on-year, while pretax profit was "essentially flat" at USD15.9 million compared to USD15.7 million recorded a year ago.
"During the first half of 2018 we have made excellent progress towards our goal of achieving USD1 billion in group revenue by 2022. The initial results from our brand marketing investment have exceeded our expectations," Chairman Paul Moody said.
"The board expects that the second half of the year will show continued strong revenue growth with underlying operating profit moving ahead of prior year," he added.
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