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IG Design Group reports record profits for full-year and hikes final dividend

The AIM-listed greeting card manufacturer reported pre-tax profits of £19.7mln, up 51% on the prior year

Greeting cards
The firm also hiked its final dividend 45% to 4p

IG Design Group PLC (LON:IGR) has reported record profits in its full-year results, which were accompanied by a hike in its final year dividend.

The AIM-listed greeting card manufacturer reported pre-tax profits of £19.7mln, up 51% on the prior year, while revenues climbed 5% to £327.5mln.

Final Dividend hiked 45%

The firm also hiked its final dividend 45% to 4p, while capital investment during the year nearly doubled to £9.4mln from £5.1mln the year before.

In its outlook, the company said a strong order book and growth across all its regions meant it had opportunities to create growth in the new financial year.

Paul Fineman, IG chief executive, said: “Whilst we have achieved record levels of sales and profits, we have also invested for the future with fast payback capital investment of just over £9.4 million, demonstrating our confidence in the future and our determination to retain a distinct competitive advantage and to be the preferred choice for our customers and all stakeholders.

He added: “With the effective combination of our product and brand portfolio, together with an array of value adding services, we remain very well placed to continue to grow organically, across all regions and channels. This, together with carefully considered M&A opportunities supported by an ever strengthening balance sheet, provides a very bright future.”

In late-afternoon trading Monday, IG shares were up 4.5% at 456p.

--Adds share price--

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