Diploma delivers growth

Specialist distributor Diploma (DPLM) delivered another impressive full-year performance, thanks to a solid contribution from its seals business where adjusted operating profits rose 37 per cent to £20.4m. Sales were particularly strong in the North American after-market business, which helped drive the adjusted operating margins there up from 18.6 per cent to 20.4 per cent. Add that to a hefty dividend hike and the shares remain attractive.

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