Murgitroyd Group PLC reported audited consolidated preliminary earnings results for the year ended May 31, 2018. For the year, the company reported revenue of GBP 43,896,000 against GBP 44,251,000 a year ago. Operating profit was GBP 3,567,000 against GBP 3,805,000 a year ago. Profit before income tax was GBP 3,574,000 against GBP 3,803,000 a year ago. Profit for the year attributable to equity holders of the parent was GBP 2,668,000 against GBP 2,543,000 a year ago. Diluted earnings per share were 29.39 pence against 28.03 pence a year ago. Net cash generated from operating activities was GBP 3,635,000 against GBP 3,161,000 a year ago. Acquisition of property, plant and equipment was GBP 592,000 against GBP 318,000 a year ago. Acquisition of intangible fixed assets were GBP 748,000 against GBP 95,000 a year ago. Underlying operating profit was GBP 4,071,000. Underlying profit before income tax was GBP 4,078,000. Underlying profit for the year attributable to equity holders of the parent was GBP 3,076,000. Underlying diluted earnings per share were 33.88 pence. The underlying group operating cash flow remained strong with year-end cash balances of GBP 3.03 million against GBP 2.54 million a year ago.

The Board is proposing a final dividend of 14.5 pence per share, giving a total dividend for the year of 21 pence against 17 pence paid a year ago, an increase of 24% year-on-year. This increase reflects the strength of the Group's cash flows and the Board's long-stated position of maintaining a progressive dividend policy. Subject to approval at the Annual General Meeting, the final dividend will be paid on November 9, 2018 to shareholders on the register at October 12, 2018. The ex-dividend date is October 11, 2018.

Graham Murnane will not be standing for re-election to the Board at the AGM.