16 May 2017
N+1 Singer - Avon Rubber - Good growth in H1, expectations reiterated for FY17
Avon Rubber has reported good progress for H1 17, with a 22% increase in underlying PBT to £10.7m driven by both Protection & Defence and Dairy. Net cash increased to £12.7m and a 30% increase in the interim dividend has been proposed. Management is confident of delivering market expectations for FY17, supported by growth in the order pipeline and FX tailwinds. It has also provided reassurance for FY18, highlighting significant opportunities for new masks and programmes in Protection & Defence t ....
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N+1 Singer - Avon Rubber - Good growth in H1, expectations reiterated for FY17
Avon Protection PLC (AVON:LON) | 1,059 0 0.0% | Mkt Cap: 320.4m
- Published:
16 May 2017 -
Author:
Jo Reedman -
Pages:
3
Avon Rubber has reported good progress for H1 17, with a 22% increase in underlying PBT to £10.7m driven by both Protection & Defence and Dairy. Net cash increased to £12.7m and a 30% increase in the interim dividend has been proposed. Management is confident of delivering market expectations for FY17, supported by growth in the order pipeline and FX tailwinds. It has also provided reassurance for FY18, highlighting significant opportunities for new masks and programmes in Protection & Defence t ....