Judges Scientific plc Recommends Final Dividend for the Year Ended December 31, 2017, Payable on July 6, 2018; Reports Audited Consolidated Earnings Results for the Year Ended December 31, 2017
March 20, 2018 at 03:00 am EDT
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The board of Judges Scientific plc is recommending a final dividend of 22.0 pence per share which, subject to approval at the forthcoming Annual General Meeting on 30 May 2018, will make a total distribution of 32.0 pence per share in respect of 2017 against 27.5 pence per share in 2016. The proposed final dividend, if approved by shareholders, will be payable on 6 July 2018 to shareholders on the register on 8 June 2018 and the shares will go ex-dividend on 7 June 2018.
The company reported audited consolidated earnings results for the year ended December 31, 2017. For the period, the company reported revenue was £71,360,000 against £57,285,000 a year ago. This reflects organic growth of 17.7%, the full year contribution of the four businesses acquired during 2016 and the maiden contribution from Oxford Cryosystems which was acquired in July 2017. Operating profit was £5,662,000 against £991,000 a year ago. Profit before tax was £5,121,000 against £417,000 a year ago. Profit attributable to owners of the parent company was £4,013,000 against £81,000 a year ago. Diluted earnings per share were 64.8 pence against 1.3 pence a year ago. Adjusted operating profit was £10,879,000 against £7,144,000 a year ago. Adjusted profit before tax was £10,398,000 against £6,630,000 a year ago. Adjusted profit attributable to owners of the parent company was £8,074,000 against £5,173,000 a year ago. Adjusted diluted earnings per share were 130.3 pence against 83.7 pence a year ago. Net cash from operating activities was £10,507,000 against £4,611,000 a year ago. Purchase of property, plant and equipment was £728,000 against £835,000 a year ago. Total net debt was £7,581,000 against £8,639,000 a year ago. Adjusted net debt was £7,990,000 against £9,908,000 a year ago.
Judges Scientific plc is a United Kingdom-based company, which is focused on acquiring and developing companies within the scientific instrument sector. The Company's principal activities comprise the design, manufacture and sale of scientific instruments. Its subsidiaries are grouped into two segments: Materials Sciences and Vacuum. Its subsidiaries are primarily United Kingdom-based with products sold around the world to a diverse range of markets, including higher education institutions, the scientific communities, manufacturers, and regulatory authorities. The Company also specializes in the design and manufacture of instruments used for plasma surface treatment and provides plasma deposition services based on the instruments. Its subsidiaries include Armfield Limited, CoolLED Limited, Deben UK Limited, Dia-Stron Limited, EWB Solutions Limited, Korvus Technology Limited, Oxford Cryosystems Limited, PE.fiberoptics Limited, Quorum Technologies Limited and Scientifica Limited.
Judges Scientific plc Recommends Final Dividend for the Year Ended December 31, 2017, Payable on July 6, 2018; Reports Audited Consolidated Earnings Results for the Year Ended December 31, 2017