18th Nov 2013 12:00
LONDON (Alliance News) - Diploma PLC Monday said pretax profit increased 5.4% in its last financial year as life sciences investments drove sales growth during the period.
The connectors, hydraulic seals and life sciences technology developer said its pretax profit increased to GBP48.5 million for the twelve months ended September 30, from GBP46.0 million the previous year.
The company said its revenue increased 9.7% to GBP285.5 million, from GBP260.2 million, thanks to a 15% increase in revenue at the company's life sciences operations after investments in the operations it made the previous year.
Diploma said that, as anticipated, adjusted operating margins reduced to 19% from record levels reported last year, largely reflecting the investments it made.
The company also announced that it is increasing its full year dividend by 9% to 15.7 pence from 14.4 pence the previous year.
Diploma shares were down 0.6% to 653.50 pence Monday.
By Tom McIvor; [email protected];
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