Murgitroyd Group plc announced that it will propose a final dividend of 11.25 pence per share, for the year ended 31 May 2016, giving a total dividend for the year of 16 pence, an increase of 8.5% year on year. This increase reflects the performance of the Group, the strength of its cash flows and the Board's stated intention to maintain a progressive dividend policy. Subject to approval at the AGM, the final dividend will be paid on 11 November 2016 to shareholders on the register on 7 October 2016. The ex-dividend date is 6 October 2016.

The company reported preliminary audited consolidated earnings results for the year ended May 31, 2016. For the year, the company reported revenue of £42.2 million compared to £39.8 million a year ago. Diluted earnings per share were 35.03 pence compared to 34.51 pence a year ago. Profit before income tax increased to £4.29 million compared to £4.16 million a year ago. Net cash flow from operating activities was £3.5 million compared to £2.5 million a year ago. Operating profit was £4.29 million compared to £4.18 million a year ago. Profit for the year attributable to equity holders of the parent was £3.16 million compared to £3.12 million a year ago. Acquisition of property, plant and equipment was £165,000 compared to £150,000 a year ago. Acquisition of intangible fixed assets was £59,000 compared to £40,000 a year ago.