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.
Animal feed additives producer Anpario raised its dividend after reporting a rise in first-half profit thanks to improved margins.
For the six months to 30 June 2020, pre-tax profit rose 6% to £2.4m on-year as revenue increased 13% to £16.2m.
Margins rose to 52.5% from 49.7% as the company sold higher value-added products.
The company approved an interim dividend of 2.75p a share, up 10% on last year's 2.50p a share.
'We will continue the on-line and direct marketing tactics that produced such a strong first half performance,' the company said.
'Additionally, we will be able to build upon new business gained from those competitors unable to supply during lock-down. As a result, we remain confident of continuing the profitable development of the group,' it added.
At 9:39am: (LON:ANP) Anpario PLC share price was +25p at 415p