www.norconplc.com
Providing project management and outsourcing services for operators of telecommunications networks including fixed line and mobile telephone systems and data networks, assisting them with the installation, operation or optimisation of telecommunications systems and to countries seeking advice on regulatory matters, defence systems, equipment and command and control facilities.
Norcon to pay final dividend on Friday this week
Norcon (LON:NCON), which provides services to telecoms network operators, will pay a final dividend to shareholders on Friday this week (October 28).
The firm revealed today that the dividend of 2.36 US cents will be paid to all shareholders on the register as at June 24 this year.
For those who choose to be paid in £ sterling, the figure will be 1.491785 pence per share.
Last month, the firm posted its first half results, which showed an improvement of H1 revenue to June 30 this year to US$35.9 million compared to US$34.2 million last year despite the difficult economic conditions around the world.
The company's gross margin declined from 19 per cent to 18 per cent, which reflected the impact of starting up new contracts and pre-tax profits came in at US$2.4 million (H1 2010: US$2.8 million).
The firm added that it had secured “important new beachheads” into key expansion markets during the first half. It said progress made in winning new clients in the second half of 2010 had continued into 2011, and that efforts to diversify the business into new geographies have been successful – generating new business for the company in South East Asia, Europe and Central Asia.
