De La Rue says order book 'strong' as it posts pre-tax profit

Banknote and security printer De La Rue has reported a 5.4% increase in pre-tax profits to 96.1m as it announced a five-year contract extension with the Bank of England.

Following the strong results, the company increased its dividend by 90% to 27.4p as it said that demand was strong across its operations.

In particular, operating profit in its currency division was up by 25% to £82.8m while revenues in its Identity Systems division rose to £30.4m from £26.5m as it began to capitalise on its investment in an ePassport factory in Malta, which came online at the start of the year.

Chairman Nicholas Brookes said: "These results, and the continuing strength of the order book in each of our businesses, highlight the quality and resilience of De La Rue in terms of long-term growth, profitability and underlying cash generation."

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De La Rue continues excellent year