StockMarketWire.com - Holders Technology is trading slightly ahead of its expectations and has declared a second interim dividend of 3.25p.

Holders - which provides specialised materials, equipment and services to the electronics industry - said demand in inthe European PCB industry was very weak in the first half.

But it said this had stabilised and while there was little sign of a significant recovery in demand, its trading performance in the six month period to 30 November was slightly ahead of management expectations.

The restructuring of the company's European operations has been successfully completed, with the targets for cost saving and working capital reduction being achieved.

Cash flow in the second half of the financial year was positive.

The directors have declared a second interim dividend of 3.25p, which will be payable on 31 March to shareholders on the register on 5 March.

The shares will go ex-dividend on 3 March.

This second interim dividend payment will be at the same level as last year's final dividend, which was paid on 19 May.

The second interim dividend is in lieu of a final dividend, therefore no final dividend will be proposed in respect of the year ended 30 November.

The company expects to announce its full year results for the year ended 30 November on 10 February.


Story provided by Business Financial Newswire