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Dewhurst Group PLC - London-based supplier of electrical components for lifts and keypads - In the year ended September 30, reports a pretax profit of £7.2 million, down 25% from £9.6 million the previous year as operating costs widen to £50.3 million from £46.4 million and the company books a £1.5 million cyber attack remediation cost. Revenue ticks up to £57.6 million from £56.2 million. Proposes an increased final dividend of 10.25 pence, which would take its total payout for the year to 14.75p, up 5.4% against the year prior.
In the first quarter of its new financial year, Dewhurst says its sales are looking ‘similar overall’ to the previous year. Adds that cost pressures on materials will likely be a continuing concern moving forward. Notes that energy price rises are due to come through during the first half of its new financial year.
Current stock price: 1,190.00 pence
12-month change: down 20%
By Heather Rydings, Alliance News senior economics reporter
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