LSE:VCTChemicals
Victrex (LSE:VCT) Faces High P/E Ratio and Dividend Challenges Despite 15% Volume Growth
Victrex (LSE:VCT) recently affirmed a final dividend of 46.14 pence per share at its upcoming AGM in February 2025, despite reporting a significant drop in net income for the fiscal year ending September 2024. The company's earnings reveal a challenging year with sales declining to GBP 291 million and net income plummeting to GBP 17.2 million, reflecting pressures from medical destocking and a high effective tax rate. In the following discussion, we will delve into Victrex's strategic...