Entu reveals new dividend

Adam Hignett
AIM-listed Entu has rewarded investors yesterday of a 1.5p interim dividend after seeing growth in its revenue and pre tax profits.

The energy efficiency company which specialises in insulation, boilers and PVC products listed on the Aim index last October after the company’s initial investors sold a 50 per cent stake for £33m.

The company has benefited from the government’s Green Deal Home Improvement Fund which offers households generous cashback on home improvements to save energy, despite the fund later running dry.

The company, which grew all of its business segments, saw revenues in the year ending 31 October increase by 24 per cent to £119m while profit before tax increased 47.9 per cent to £9m year-on-year.