Norcros – 175.5p

14 June 2017 – final results

Results for the year to 31 March 2017 have been released.  Revenue rose by 15% to £271.2m (2016: £235.9m).  Underlying profit before tax rose by 12.3% to £22.9m (2016: £20.4m) and underlying diluted earnings per share were static at 27.8p.  The full year dividend was increased from 6.6p per share to 7.2p.  Net debt was cut from £32.5m to £23.2m.  These results outline an eighth consecutive year of growth and we continue to rate the shares as a BUY.

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