Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

March 6 (Bloomberg) -- Cape Plc, a supplier of scaffolding, fire protection and cleaners to energy companies, increased its dividend for 2011 after posting record sales.

The payout of 14 pence a share, is up 17 percent from 2010, the Uxbridge, England-based company said in a statement. Sales rose 11 percent to 722.5 million pounds ($1.1 billion), while profit after tax slid 5.5 percent to 49.7 million pounds.

The company, which counts the biggest energy companies as clients, is working on liquefied natural gas plants in Australia, and said Asia is its strongest growth market.

It rose 3.6 percent to 445 pence by 9:37 a.m. in London, giving the company a market value of 528 million pounds.

“We’ve always said we’d be progressive about dividends,” Chief Executive Officer Martin May said by phone. “We’ve got more than 60 percent of our 2012 consensus earnings already in the order book.” The dividend “indicates our confidence.”

Consensus analyst estimates for revenue this year are currently about 760 million pounds. The company has said it expects sales to reach about 785 million pounds.

To contact the reporter on this story: Brian Swint in London at

To contact the editor responsible for this story: Will Kennedy at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.