- Arcontech has declared a maiden dividend of 1p per share for the year to the end of June after revenues rose to £2,307,751 from £2,141,630 and adjusted profit before tax increased to £441,996 (2016: £329,260).

Profit before tax rose to £373,263 (2016:£302,329) and basic earnings per share increased to 3.79p (2016 3.38p).

Chairman Richard Last said: "Arcontech is a well-run business where costs, including continued product investment, are well controlled such that increases in revenue materially improve profitability.

"Our focus is, therefore, on winning new business.

"Whilst we believe the opportunities for increased sales exist, the sales cycle is unpredictable and remains longer than we would like.

"Our prospects are positive, albeit they need to be tempered against uncertainties in the investment banking and finance sectors, as a result of the low interest rate environment and issues following Brexit."

At 8:09am: [LON:ARC] Arcontech Group PLC share price was -1p at 64.5p

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