Investors in Dekeloil Public Ltd (LON:DKL) got something of a two-for-one on Tuesday, after the palm oil producer announced its maiden dividend and released some decent production figures to boot.
The firm said it will adopt a progressive dividend policy over the coming three years, something it hinted at in Monday’s press release which confirmed it had converted all of its outstanding capital notes into new shares.
In the 2016 full-year production update also released this morning, sales of palm oil and palm kernel oil from Ayenouan increased by 12% year-on-year to €26.1mln.
Elsewhere, bulk email specialist dotDigital Group PLC (LON:DOTD) saw strong growth in recurring revenues while the amount each customer spent also picked up in its latest half year.
Revenues overall rose by 17% to £15mln in the six months to December, but within that recurring income rose by 22% to £12.2mln and the spend per client by 24% to an average of £650 per month.
FairFX Group Plc (LON:FFX) told investors that revenues for 2016 were ahead of management expectations.
Turnover for the twelve months ended December 31 exceeded £795mln, representing 27% growth from the preceding year. The company noted that similarly revenue for the year is also due to be ahead of its expectations.
Better than expected margins will mean Learning Technologies Group plc (LON:LTG) beating market forecasts for 2016.
The e-learning specialist said its recent acquisition Rustici has driven the improvement and was performing ‘significantly’ ahead of expectations.
In other news, Ergomed Plc (LON:ERGO) has reported another year of strong growth at its services division while it waits for trial results from a raft of drugs under development.
The company is a hybrid, a pharma services firm that also takes a stake in drugs during the development process.
Revenues in 2016 were £38mln, up 26%, with an order backlog at the end of the year of £70mln.
Strategic Minerals PLC (LON:SML) will post a maiden profit and push ahead with its tin mine plans in Cornwall after its US iron ore business had a record year.
John Peters, Strategic Minerals managing director, said that Cobre’s sales would mean a maiden profit in 2016.
Cobre, in New Mexico, racked up sales of US$1.55mln from 25,385 tons of magnetite, while it also received US$400,000 due from a dispute with the rail operator at the iron ore tailing operation.
And finally, Wealth management firm European Wealth Group Limited (LON:EWG) has issued shares in the company to the former shareholders of Compass Financial Benefits, which it acquired back in 2014.
A certain amount of the transaction was deferred and payable in European Wealth shares, with 855,000 now being issued at 51.6p a pop in order to satisfy the payment.