Murgitroyd Group PLC intended to recommend payment of a final dividend of 14.5 pence per share (2017: 12 pence per share) which, if approved, will result in a total dividend payment for the year of 21 pence per share (2017: 17 pence per share).

The board announced that it expects to report underlying profit before income tax for the year ended 31 May 2018 in line with existing market expectations at £4.08 million (2017: £3.80 million). Group operating cash flow has remained strong with record year end cash balances of £3.03 million and current cash balances of in excess of £3.2 million on which basis. Notwithstanding the provision, reported basic earnings per share for the year ended 31 May 2018 are 5% higher year-on-year at 29.7 pence, and based on underlying earnings are 21% higher.