Tex Holdings plc Recommends Final Dividend for the Year Ended December 31, 2015, Payable on July 22, 2016; Reports Preliminary Consolidated Earnings Results for the Year Ended December 31, 2015
April 12, 2016 at 07:04 am
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Tex Holdings plc recommended a final dividend of 5.0 pence for the year ended December 31, 2015 compared to 4.0 pence a year ago, making an overall payment in respect of the year of 22.0 pence compared to 6.0 pence a year ago. The final dividend will be paid, subject to shareholder approval, on July 22, 2016 to members on the register as at June 24, 2016.
The company reported preliminary consolidated earnings results for the year ended December 31, 2015. For the year, the company's revenue was £36,046,000 against £36,021,000 a year ago. Profit before taxation was £1,493,000 against £1,179,000 a year ago. Profit after taxation was £1,164,000 against £867,000 a year ago. Basic and diluted earnings per share were 18.3 pence against 13.7 pence a year ago. Operating profit was £1,655,000 against £1,370,000 a year ago. Profit for the year attributable to the equity holders of the Parent Company was £1,164,000 against £867,000 a year ago. Net cash generated from operating activities was £1,622,000 against £2,748,000 a year ago. Purchases of property, plant and equipment was £1,267,000 against £859,000 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 Recommends Final Dividend for the Year Ended December 31, 2015, Payable on July 22, 2016; Reports Preliminary Consolidated Earnings Results for the Year Ended December 31, 2015