Walker Greenbank increases its 2016 final dividend by 25%

DividendMax Ltd.

Walker Greenbank increases its 2016 final dividend by 25%

Highlights

Sales up 5.4% to £87.8 million (2015: £83.4 million)

Unadjusted profit before tax up 15.9% at £7.34 million (2015: £6.33 million)
 

Adjusted profit before tax up 10.0% at £8.95 million (2015: £8.13 million)

Majority of production on track to be restored at Standfast & Barracks following flood by the end of April 2016. Financial results include insurance proceeds for loss of profits of £1.4 million for the period

Successful development of the fourth collection from the international contemporary Anthology brand including an exciting range of innovative wide-width fabrics

UK and global licensing partnerships signed in existing and new product areas

Adjusted earnings per share up 7.1% at 12.47p per share (2015: 11.64p per share)

Final dividend up 25.0% to 2.45p per share (2015: 1.96p per share), giving a total dividend up 25.1% at 2.89p per share (2015: 2.31p per share)

Refinancing completed with a five year, £12.5 million rolling credit facility and £10 million accordion

Companies mentioned