Northgate increases its 2016 interim dividend by 18.6%

DividendMax Ltd.

Northgate increases its 2016 interim dividend by 18.6%

Financial Highlights

Underlying profit before tax(1) £45.9m (2014 - £47.8m):

o £2.4m adverse impact from the change in vehicle depreciation rates;

o £1.9m adverse effect of the weakening Euro;

Profit before tax £42.8m (2014 - £46.7m);

Underlying basic earnings per share(2) 27.1p (2014 - 28.6p);

Basic earnings per share 25.4p (2014 - 27.9p);

Increase in interim dividend to 5.1p per share (2014 - 4.3p);

Net debt £338.7m (April 2015 - £337.8m);

Return on capital employed(3) 12.0% (April 2015 - 13.0%);

Successful refinancing of debt facilities completed during the period.

Companies mentioned