Castings PLC said Wednesday that pretax profit and revenue rose for fiscal 2022.

The iron-casting and machining company said pretax profit for the year ended March 31 was 12.1 million pounds ($14.5 million), compared with GBP5.0 million a year earlier.

Revenue for the period was GBP148.6 million, compared with GBP114.7 million, it said

The company said that it expects costs to increase in the current year, and that customer demand is increasing.

A final dividend of 12.57 pence a share is being recommended, bringing the total dividend for the year to 16.23 pence a share.

A supplementary dividend of 15.00 pence a share was also declared.

Shares in the company at 0718 GMT were up 20.00 pence, or 6.9%, at 310.00 pence.

Write to Kyle Morris at kyle.morris@dowjones.com

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