Arcontech trades in line, expects to pay dividend

15th Jul 2020 10:14

(Sharecast News) - Data processing products provider Arcontech said on Wednesday that full-year profits were expected to be in line with market expectations and added that it was looking to make good on its dividend policy despite the Covid-19 pandemic.
Arcontech said unaudited net cash stood at £5.01m as of 30 June, rising around 23.4% year-on-year despite the company continuing to invest in sales and marketing resources, opting not to furlough any staff or draw on any publicly available funding or delayed payment of PAYE and VAT.

The AIM-listed group also highlighted that subject to shareholder approval at its annual general meeting, it anticipates paying a dividend in line with its policy.

As of 1015 BST, Arcontech shares had surged 16.62%