Xaar increases its 2016 interim dividend by 5%

DividendMax Ltd.

Xaar increases its 2016 interim dividend by 5%

Financial highlights

Revenue in the first half of the year in-line with the Board's expectations at £44.5 million.

Sales by application were consistent with the second half of 2015 (£45.7 million) after allowing for the expected impact of Chinese New Year.

Profitability consistent with the first half of 2015; gross margin of 45% (H1 2015: 45%) and adjusted operating profit margin of 19% (H1 2015: 19%).

Net cash on 30 June 2016 of £69.0 million (31 December 2015: £69.7 million), before the acquisition of Engineered Printing Solutions on 1 July 2016.

Interim dividend up 5% to 3.3 pence per share (2015: 3.15 pence per share).

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