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Shares rally after impressive full year results statement
Thursday 01 Mar 2018 Author: Daniel Coatsworth

Shares in industrial threads manufacturer Coats (COA) jumped by more than 12% to 84p on 27 February after reporting a solid set of full year results.

Operating margins improved from 10.8% to 11.5% thanks to higher selling prices, productivity and procurement gains, and tight cost control.

Coats also rewarded shareholders with a 15% dividend hike to 1.44c per share. It expects 2018 adjusted operating profits to be slightly ahead of previous management expectations. (DC)

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