Spi­rax-Sarco ups divi de­spite drop in rev­enue

The Daily Telegraph - Business - - Business -

En­gi­neer Spi­rax-Sarco said it was crank­ing up its div­i­dend yes­ter­day de­spite a fall in sales and profit over the first half of the year. Rev­enues fell 4pc over the six months to the end of June, while profit be­fore tax slipped slightly, down 2pc to £106m. How­ever, it an­nounced an in­terim div­i­dend of 33.5p per share, up 5pc on last year’s pay­out.

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