FX.co ★ Diploma Preliminary FY24 Profit Rises; Organic Revenue Growth At 6%

Diploma (DPLM.L) announced a rise in its pretax profit for the fiscal year, reaching £176.6 million, up from £155.6 million the previous year. Earnings per share increased to 96.1 pence from 90.4 pence. The company's adjusted pretax profit also saw an increase, moving to £258.0 million from £216.6 million, with adjusted earnings per share improving to 145.3 pence from 125.9 pence. Revenue for the year amounted to £1.36 billion, up from £1.20 billion last year, reflecting an organic revenue growth of 6%.

Looking ahead to fiscal 2025, Diploma expects to achieve organic growth of roughly 6% at constant currency rates, alongside an operating margin of approximately 21%.

The Board has proposed a final dividend of 42.0 pence per share, bringing the total proposed dividend for the year to 59.3 pence, which marks a 5% increase.