Chemring Group plc reported consolidated earnings results for the year ended October 31, 2016. For the year, the company reported revenue of £477.1 million against £377.3 million a year ago. Operating profit was £26.2 million against £5.5 million a year ago. Profit before tax was £8.0 million against loss before tax of £9.1 million a year ago. Profit after tax was £6.5 million against loss after tax of £5.3 million a year ago. Earnings per ordinary share from continuing operations diluted were 2.4 pence against loss per ordinary share from continuing operations diluted of 2.4 pence a year ago. Net cash inflow from operating activities was £65.2 million against £25.7 million a year ago. Purchases of intangible assets were £6.7 million against £8.9 million a year ago. Purchases of property, plant and equipment was £10.3 million against £8.2 million a year ago. Underlying operating profit was £48.5 million against £34.4 million a year ago. Underlying profit before tax was £34.0 million against £19.8 million a year ago. Underlying operating profit from continuing operations was £48.5 million against £34.4 million a year ago. Net debt reduced significantly during the year to £88 million.

The final dividend of 1.3 pence per ordinary share will be paid on 18 May 2017 to all shareholders registered at the close of business on 28 April 2017. The ex-dividend date will be 27 April 2017. The total dividend for the year will therefore be 1.3 pence (2015 as restated: 2.1 pence). The final dividend is subject to approval by the shareholders at the Annual General Meeting and, accordingly, has not been included as a liability in the financial statements for the year ended 31 October 2016.