Shares in Diploma Plc, supplier of technical products and services, jumped on Monday after a strong set of full-year results which included a 19% rise in pre-tax profit.
The company, which supplies and services medical equipment, hydraulic seals and other products, reported "strong results with double-digit growth in revenue and earnings" for the year ended 30 September.
Diploma announced full-year adjusted operating profit rose to £789.2m, a 19% rise on the previous year's earnings, thanks to an 18% increase in group revenue to £451.9m.
Profit before tax rose 24% to £66.8m giving the group a total profit for the year of £48.2m, up 23% on the previous year. Adjusted earnings per share at 49.8p was up 19% and the company proposed a 15% dividend increase to 23p a share.
Other full-year highlights included: