Headlam Group Plc. (HEAD.L) announced its final results for the year ended 31 December 2012, reporting that profit before tax increased 3.2% to 28.5 million pounds from 27.6 million pounds in the previous year.
Profit for the year attributable to the equity shareholders was 21.37 million pounds, up from 20.40 million pounds in the prior year. Earnings increased 5.3% to 25.7 pence from 24.4 pence in the previous year.
Group revenue increased 2.8% to 586.0 million pounds from 569.8 million pounds last year.
The company said its board is proposing to increase the final dividend by 3.6% from 9.85 pence to 10.20 pence resulting in a total dividend for the year of 14.85 pence, up 4.9% on 2011. The final dividend, if approved by shareholders at the Annual General Meeting, will be paid on 1 July 2013 to shareholders on the register at close of business on 7 June 2013.
The company said that the continued challenging market conditions combined with unfavourable weather has culminated in a slightly disappointing start to 2013. Notwithstanding this, the board are confident that the operating strategy and group structure will enable the business to continue to deliver progress in its respective markets over the longer term.
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by RTT Staff Writer
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