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Business & education services

Silverdell expects 2013 results to be "in line"; confirms maiden divi

Environmental support group Silverdell (LON:SID) said it expected 2013 results to be in line with its expectations.

The firm, whose services include removing asbestos, is also recommending a maiden dividend of 0.175p to be paid on March 22 this year and said it had secured a number of long term contracts worth a total of £3mln a year.

Chief executive Sean Nutley said last year had been a "landmark" one for the group.

"With a much transformed and broader service offering and geographical footprint, we are well-placed to implement our growth strategy supported by clear and achievable KPIs [key performance indicators].

"Our confidence in the future is reflected in our recommendation of a maiden dividend. I look forward to reporting further progress," he said in a trading update.

Shares fell 5% to 19 pence each having earlier gained.

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