Tyman lifts dividend as profit soars

10th Mar 2015 11:03

Building products supplier Tyman said strong performances across its two largest divisions drove its annual pre-tax profit up in 2014.The group said annual pre-tax profit soared from £0.8m to £11.9m, while revenue rose 17.7% to £350.9m and underlying profit before tax grew 45.6% to £41.6m."2014 has seen another year of good operational and financial progress for Tyman with continued top line growth and margin expansion in our two largest divisions - AmesburyTruth and ERA," said group's chief executive Louis Eperjesi.The company has recommended a final dividend of 6p per share, up from 4.5p a year earlier, bringing its total dividend payout to 8p per share, up 33% year-on-year.Tyman shares were up 1.17% to 322.24p to 11:29 on Tuesday.