StockMarketWire.com - Diploma reports strong full year results with double-digit growth in revenue and earnings.

Revenues of £451.9m were up 18% and adjusted operating profits rose by 19% to £78.2m.

Pre-tax profits of £66.8m were up 24% while adjusted pre-tax profits rose by 19% to £77.5m.

Adjusted operating margins improved slightly to 17.3% as transactional currency effects eased in the Healthcare businesses and margins improved in the acquired businesses.

Total dividend increased by 15% to 23.0p per share reflecting strong financial position and confidence in Group's growth prospects.

Chief executive Bruce Thompson said: 'Diploma reported another strong performance in 2017, delivering strong double-digit growth in revenue and earnings.

'All of the group's Sectors contributed to this growth with a particularly strong performance from Controls.

'The group's performance in 2017 provides confidence in the Group's prospects for solid underlying growth in the year ahead, which we aim to enhance by unlocking value enhancing acquisition opportunities.

'With a proven business model, broad geographic spread of businesses, robust balance sheet and consistently strong free cash flow, the Board is confident that further progress will be made in the next financial year.'





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