Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Concrete levelling technology company Somero Enterprises posted a 7% fall in annual profit aftert a bout of wet weather in the US put a dampener on sales.
Pre-tax profit for the year through December dropped to $27.0m, as revenue fell 5% to $89.3m.
Somero said it experienced a better-than-expected recovery in the second half, as weather conditions improved.
The company declared a full-year dividend of 0.1875p per share, down 1% on-year.
'We enter 2020 in a strong financial position, allowing us to make investments to capture growth in new and existing markets with a growing product offering, with particular increased investment in the SkyScreed to support its future growth,' chief executive Jack Cooney said.
'We are excited by the opportunities that lie ahead, and I am confident in our ability to execute our strategy, delivering strong results and dividends for our shareholders.'
At 8:01am: (LON:SOM) Somero Enterprises Inc share price was 0p at 212.5p