It has been a challenging six months for Portmeirion Group PLC (LON:PMP), maker and purveyor of fine china.
In a trading statement last month the company warned there would be a “material” drop in profits after an unexpected decrease in demand from Asia.
“We strongly believe that this is a short term set back and we remain confident in our medium and long term prospects,” said chairman Dick Steele today.
While revenues grew 2% to £28.5mln in the six months ended in June, pre-tax profit dropped 22% to £1.4mln.
Investors will be well looked after with a 15% hike to the interim dividend, which comes in at 7p a share.