Tex Holdings plc Proposes Interim Dividend, Payable on October 6, 2017; Announces Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2017
August 15, 2017 at 05:18 am
Share
The Board of Tex Holdings plc is proposing to pay an interim dividend of 2.5 pence per share which will be paid on October 6, 2017 to shareholders on the register as at September 15, 2017.
The company announced unaudited consolidated earnings results for the six months ended June 30, 2017. For the period, the company's revenue was £21,421,000 against £20,791,000 a year ago. Profit before taxation was £423,000 against £495,000 a year ago. Operating profit was £505,000 compared to £547,000 a year ago. Profit for the period was £331,000 against £394,000 a year ago. Basic and diluted earnings per share were 5.2 pence against 6.2 pence a year ago. Net cash generated from operating activities was £296,000 against £631,000 a year ago. Purchases of property, plant and equipment was £914,000 against £481,000 a year ago.
Tex Holdings plc manufactures and supplies piling equipment, generators, engineering products, plastic injection molding and tooling procurement and boards and panels. The Company operates through three segments: Engineering, Plastics, and Boards & Panels. The Engineering segment is engaged in design and manufacturing of piling and compaction equipment; manufacture and sale of Trojan asphalt mixers, road surfacing and associated equipment and spares, mobility scooter stores, allied kiosks and enclosures, industrial gas burners, springwood white lining equipment and trailers; marketing and distribution of fibertex geotextiles; marine diesel engine and governor rebuilding, parts supply and technical support, and design, manufacture and installation of air traffic control rooms and radio frequency-blocking glazing. The Plastics segment is engaged in precision injection molding, assembly and finishing services. The Boards & Panels segment manufactures and sells boards and panels.
Tex Holdings plc Proposes Interim Dividend, Payable on October 6, 2017; Announces Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2017