Brewin Dolphin increases 2014 interim dividend by 2.8%

DividendMax Ltd.

Brewin Dolphin increases 2014 interim dividend by 2.8%

 

 

Adjusted profit before tax ("PBT") margin of 20.3% (2013: 17.1%).

 

Total income of £146.3 million (31 March 2013: £139.0 million), an increase of 5.3%.

 

Adjusted profit before tax of £29.7 million (31 March 2013: £23.7 million), an increase of 25.3%.

 

Profit before tax of £21.4 million (31 March 2013: £6.8 million).

 

Strong growth in discretionary funds to £22.7 billion at 30 March 2014 (29 September 2013: £21.3 billion, 31 March 2013: £20.4 billion).



Adjusted earnings per share:


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Basic earnings per share of 9.1p (31 March 2013: 7.5p) an increase of 21.3%.


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Diluted earnings per share of 8.6p (31 March 2013: 7.1p) an increase of 21.1%.

 

Earnings per share:


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Basic earnings per share of 6.7p (31 March 2013: 2.2p).


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Diluted earnings per share of 6.3p (31 March 2013: 2.0p).

 

Strong balance sheet underpinned by growing cash generation

 

Interim dividend of 3.65 pence per share in line with guidance.

 

A post period end non cash impairment charge to be taken in H2 2014 of £32 million pre-tax as a result of the decision announced on 13 May not to proceed with a major software implementation.

 

Companies mentioned