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(Alliance News) - Robinson PLC on Tuesday said its performance improved in the first half of 2020 amid strong demand for its products.
The plastic and paperboard packaging manufacturer reported revenue growth of 5% for the six months to the end of June to GBP17.9 million from GBP17.1 million generated a year earlier.
Pretax profit rose to GBP1.1 million from GBP300,000 year-on-year.
A first interim dividend of 3.5 pence - up from 2.5p a year prior - per share was paid to shareholders on July 30, Robinson said. The company declared a second interim dividend of 2.0p per share - versus none paid a year ago - to be paid on October 1.
"We are very happy with this continued progress in the first half, despite the challenging conditions arising from the Covid-19 pandemic. The main market sectors for which we supply packaging have shown resilience throughout the pandemic, with notable increases in demand for our products used in liquid hand soap, sanitiser and household cleaning," said Chair Alan Raleigh.
AIM-listed Robinson shares were trading 1.1% lower in London on Tuesday at 130.50 pence each.
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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