The RB Patel Group Limited has declared an interim dividend of 1.4 cents per share, to be paid on the 20th of next month.

The company’s total issued ordinary shares have now increased to 150 million after the one to five share split in November last year.

The company’s share price has increased by 84% since the share split.

The current share price is $3.50 and was $1.90 at the time of the share split.

The Group in its market announcement says its turnover for the six months to 31st December 2019 saw an increase in turnover to over $69.2m from the $68.7m.

Board chair, Yogesh Karan says the results for the half year are satisfying considering the economic conditions and competitive nature of the industry.