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XP Power Ltd - Singapore-based maker of power controllers, which convert power from the electricity grid into the form needed by industrial equipment - Pretax profit rises 49% in 2020 to GBP35.7 million from GBP24.0 million on revenue of GBP233.3 million, up 17% from GBP199.9 million. Order intake rises 20% to GBP258.0 million from GBP214.9 million, leaving XP Power with order book of GBP124.1 million on December 31, up from GBP98.2 million a year before. Net debt reduces to GBP17.9 million from GBP41.3 million. Declares 36.0p final dividend, giving annual payout of 74.0p, up 35% from 55.0p in 2019. A 36.0p final dividend also was declared for 2019 but then was withdrawn due to preserve cash.
Current stock price: 5,415.60p
Year-to-date change: up 15%
By Tom Waite; thomaslwaite@alliancenews.com
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