Greencore increases 2014 interim dividend by 15.8%

DividendMax Ltd.

Greencore increases 2014 interim dividend by 15.8%


Group revenue of £619.8m, up 8.2% (as reported) and up 9.3% on a like for like basis

Convenience Foods like for like revenue growth of 9.6%

Group operating profit up 14.0% to £37.2m

Strong growth in adjusted EPS, up 18.6% to 7.0 pence

Interim dividend of 2.20 pence per share, an increase of 15.8% versus H1 13

Net exceptional charge of £12.6m, of which £10.0m relates to non-cash items


Further build out of US food to go business with the acquisition of Lettieri's LLC ("Lettieri's"), investment in Jacksonville and announcement of new site construction in Rhode Island

Announcement today of major investment in Northampton food to go facility to facilitate new business win

Disposal of foodservice desserts business, Ministry of Cake

Companies mentioned