Argent restores dividend as latest acquisition pays off

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Group revenue rose 23.7% to R2.43bn in the its year to end-March and profit 45% to R192m 🔒

Small-cap steel products group Argent Industrial has paid out its first dividend in three years, forking out about R24m to shareholders for 2022 even after a sizable acquisition and share cancellations.

Group revenue rose 23.7% to R2.43bn in the its year to end-March and profit 45% to R192m, with Argent declaring a 42c per share final dividend...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

 

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