N Brown maintains its 2015 interim dividend at last years level

DividendMax Ltd.

N Brown maintains its 2015 interim dividend at last years level

Financial highlights:

Total group revenue +4.2% to £415.8m (H1 FY15: £399.2m)

Product revenue +6.1% and Financial Services revenue -0.4%

Operating profit excluding exceptionals -14.2% to £38.8m (H1 FY15: £45.2m)

Underlying trading profit before tax -15.9% yoy to £35.0m (H1 FY15: £41.6m), in line with expectations

Statutory profit before tax -54.6% to £19.4m (H1 FY15: £42.7m), reflecting exceptional costs accrued over the half largely relating to clearance store closures

Adjusted earnings per share from continuing operations 5.74p (H1 FY15: 11.56p)

Statutory earnings per share from continuing operations 5.53p (H1 FY15: 11.88p)

Half year dividend maintained at 5.67p

Net debt £239.8m (H1 FY15: £205.2m)

Enhanced disclosure provided today and going forward

Companies mentioned