StockMarketWire.com - Concrete placement technology company Somero Enterprises posted a rise in annual profit, driven by higher sales in North America.

Pre-tax profit for the year through December rose 13% to $29.1m, as sales climbed 10% to $94.0m.

The company declared a full-year dividend of 19c per share, up 23% on-year, plus a supplemental dividend of 11.7c.

'Somero begins 2019 financially stronger than ever and well-positioned to capture growth in new and existing markets with a strong product offering,' chief executive Jack Cooney said.

'With the opportunities that lie ahead and the steps we have taken to position the company for the future, I am confident the company will deliver strong results and dividends for our shareholders.'


At 8:30am: [LON:SOM] Somero Enterprises Inc share price was +7.5p at 382.5p



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