Ferguson plc FERG is proposing to increase its final dividend by 21% for the year to the 31st July after making what it describes as significant progress in a good year. Revenue rose by 7.6% and ongoing trading profit by 14.7%, despite a weak performance in the UK where trading profit declined in challenging markets. 90% of group trading profit is now generated in the USA.
DX (Group) plc (DX) is now on the road to recovery after a new Board took charge in October 2017. Revenue for the year to the 30th June was slightly ahead of market expectations, whilst the EBITDA loss was lower.The loss before tax was down from £82.3m to £19.9m and the loss after tax showed a similar decline. The group remains well positioned to make further progress and trading since the start of the new financial year has been encouraging.Net debt of £1.1m as at 30 June showed a marked improvement, ahead of market expectations, compared to last years £19.1m.
On The Market plc OTMP has doubled the number of branches since its admission to AIM in February and has now signed listing agreements with UK estate and letting agents with more than 11,000 offices. Traffic to the portal reached a record high of 17.4 million visits during September, more than three times the number of visits compared to February 2018.