Hunting raises dividend by 8pc

International energy services group Hunting’s basic earnings per share rose 95 per cent to 10.7p, it announced yesterday, as the company said it would hike its interim dividend by eight per cent to 4p. First half revenues rose by 30 per cent to £251.3m in the six months to the end of June, helped by the booming oil market. In the year so far, Hunting reported that oil prices have averaged from £48 to £69 a barrel, causing nearly double pre-tax profits. Pre-tax profits were up to £22.1m from £11.6m over the same period the previous year, while revenues increased from £193.3m to £251.3m.