Blog
Plexus: a first dividend
Posted 03/12/09
Plexus Holdings, the AIM quoted oil and gas engineering services business, issued a highky encouraging AGM statement and news of an inaugural dividend
High Pressure/High Temperature (‘HP/HT’POS-GRIP® wellhead rental activities, drove turnover up 14% to £15.1m and pre-tax profits of £1.8m. As a result, they decided to initiate the payment of an inaugural dividend at the half year and hope to adopt a progressive dividend policy going forward. As such a final dividend of 0.38p per share was proposed at the Annual General Meeting.
Various new and extended contracts were signed during the period, with major international oil and gas companies. These included many of the great and the good of the IOC world including ConocoPhillips, Royal Dutch Shell plc, Shell Egypt, Brunei Shell Petroleum Sdn Bhd, BP Egypt and Red Sea Petroleum Operating Company.
The current financial year has already begun well, with four new contracts signed since the beginning of July 2009.
This entry was posted 7 months, 4 weeks ago and was filed under Plexus.
