Premium building products, systems and solutions group Alumasc's order book rose by 11% to £26.6m in the year to the end of June. The group's underlying profit before tax from continuing operations grew by 7%, from £7.7 million to £8.3 million, and statutory profit before tax by 59% to £7.7 million. The group said the balance sheet was already strong as a result of this improving performance and, following the sale of Dyson Diecastings in June, included net cash balances of £8.6 million at the year end. The board is recommending a final dividend of 3.8p per share (2015: 3.5p), to give a total of 6.5p for the year. This represents an increase of 8% over the previous year (6p) and is 2.8 times covered by basic earnings per share of 18.2p. Chief executive Paul Hooper said: "This was Alumasc's fifth successive year of profit growth and our order books are at record levels. "We believe all our businesses have significant growth opportunities because of their strategic positioning in growing market niches and international potential."
0.00p (0.00%)delayed 09:00AM