Flowtech Fluidpower plc – Maiden preliminary results
Flowtech Fluidpower PLC (AIM:FLO), the supplier of technical fluid power products in the UK and Benelux, announced their maiden preliminary results for the period ending December 2014.
Core business remains solid and underlying operating profit is up 15.4% to £6.2M (2013 £5.3M.) Revenues were £37.8m (2013: £32.1m). Subject to Shareholder approval at the Annual General Meeting which is to be held on 21 May 2015, the Directors are proposing a final dividend of 3.33p per share payable on 24 June 2015 to ordinary shareholders registered on 5 June 2015. This, together with the interim dividend of 1.67p (paid on 24 October 2014), brings the total for the year to 5p and matches the commitment made at the date of the IPO. As outlined in the prior trading…