21st Jun 2018 07:58
LONDON (Alliance News) - Severfield PLC said Thursday that Non-Executive Director Chris Holt intends to resign and stand down at the conclusion of the company's annual general meeting on September 4.
The structural steel maker on Wednesday declared a special dividend on the back of an improved earnings performance.
The company, whose steel was used in London's Shard skyscraper, posted a 23% rise in pretax profit to GBP22.2 million for the year ended March 31 from GBP18.0 million in the comparative period a year ago. Revenue rose 4.6% to GBP274.2 million from GBP262.2 million mainly due to an increase in order flow and production activity and higher steel prices.
Severfield lifted its total dividend to 2.6 pence per share from 2.3p last year, as it declared a final dividend of 1.7p. An additional special dividend of 1.7p was proposed, delivering a total annual payout of 4.3p per share.
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