Cranswick increases its 2016 interim dividend by 9.4%

DividendMax Ltd.

Cranswick increases its 2016 interim dividend by 9.4%

Financial Highlights:

Revenue ahead by 9.9% at £529.1m (2014: £481.5m)

Underlying revenue up 6.5%

Adjusted Group operating margin2 up 60 basis points to 6.0% (2014: 5.4%)

Adjusted profit before tax2 increased 22.0% to £31.5m (2014: £25.8m)

Adjusted earnings per share2 25.3% higher at 51.5p (2014: 41.1p)

Dividend per share increased by 9.4% to 11.6p (2014: 10.6p)

Net debt 78.5% lower at £4.8m (2014: £22.4m)

Statutory profit before tax up 3.6% to £25.5m (2014: £24.6m)

Statutory earnings per share 2.0% higher at 40.0p (2014: 39.2p)

£4.6 million non-cash impairment of Sandwiches goodwill

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