JD Wetherspoon maintains 2012 interim dividend at 4p

DividendMax Ltd.

JD Wetherspoon maintains 2012 interim dividend at 4p

FINANCIAL HIGHLIGHTS

 

 

 

Ÿ Revenue £626.4m (2012: £569.4m) 

+10.0%

Ÿ Like-for-like sales 

+6.9%

Ÿ Operating profit £52.1m (2012: £53.1m)

-2.0%

Ÿ Profit before tax & exceptional items £34.8m (2012: £35.8m)

-2.7%

Ÿ Earnings per share 20.8p (2012: 20.2p) 

+3.0%

Ÿ Interim dividend 4.0p (2012: 4.0p)

Maintained

 

 

Commenting on the results, Tim Martin, the Chairman of J D Wetherspoon plc, said:

"The outcome for the first half of the financial year was reasonable, given the pressures on the UK consumer. 

As previously stated, the biggest danger to the pub industry, is the VAT disparity between supermarkets and pubs and the continuing imposition of stealth taxes, such as the late-night levy, and the increase in fruit/slot machine taxes.

In the six weeks to 10 March 2013, like-for-like sales increased by 7.3%, with total sales increasing by 9.9%.

Taxation and input costs will continue to rise, but, overall, the company continues to aim for a reasonable outcome in the current financial year."

Companies mentioned