Devro has reported underlying operating profits of £42m, up 2.9% on the prior year, along with a 5.5% rise in group revenue.
The Moodiesburn-based manufacturer of collagen products for the food industry has therefore proposed a final dividend of 6.5 pence, making a total dividend of 9.3p, up 3.3% on the prior year, and the first increase since 2018.
Results for the year ended 31 December 2021 also revealed an operating margin up 10 basis points to 16.6%, despite inflationary pressures.
