Cranswick increases 2013 full year dividend by 5.6%

DividendMax Ltd.

Cranswick increases 2013 full year dividend by 5.6%

Highlights:

Reported revenues up 7 per cent to £875m (2012: £821m)

Underlying sales ahead by 5 per cent

Operating profit before impairment up 7 per cent at £50.0m (2012: £46.7m)

Adjusted pre-tax profit up 8 per cent to £49.3m (2012: £45.6m)

Reported pre-tax profit down 2 per cent to £47.4m (2012: £48.4m)

Adjusted earnings per share up 8 per cent to 78.9p (2012: 72.9p)

Reported earnings per share down 4 per cent to 75.1p (2012: 78.6p) 

Recommended final dividend up 6 per cent to 20.6p (2012: 19.5p)

Interest cover 63 times (2012: 49 times)

Net debt down to £20.1m (2012: £21.7m)

East Anglian Pigs acquired subsequent to year end

Companies mentioned