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Fulcrum hikes dividend as profits rises 13.5%

Tuesday, 4th December 2018
Infrastructure and services provider Fulcrum hiked its interim dividend after reporting Tuesday first-half profit before tax rose 13.5% supported by a surge in revenue.

The company said it would pay an interim dividend of 0.75p, up 7.1% from 0.7p last year, citing confidence in the future of the group and cash generation from both infrastructure services and utility assets.

For the six-month period ended 30 September, profit before tax rose 13.5% to £4.2m and revenue surged 49% to £29.2m.

'These results reflect the continued successful delivery of the Group's long-term strategy and our commitment to meeting customer demand across each of our routes to market. The Group continues to invest in the business to drive sales growth, improve operational capacity and efficiency and push for ever higher levels of customer satisfaction,' said Martin Harrison, CEO of Fulcrum.

'The Group is well positioned to deliver further high quality, sustainable growth.'

At 10:13am: (LON:FCRM) Fulcrum Utility Services Ltd share price was -0.4p at 62.9p

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