Conviviality Retail increases its 2016 interim dividend by 5%

DividendMax Ltd.

Conviviality Retail increases its 2016 interim dividend by 5%

Group Financial Highlights

·      Revenue up 38% to £252.0m (H1 FY15: £182.9m)

·      EBITDA up 43% to £6.5m (H1 FY15: £4.5m)

·      Group profit before tax and exceptional items up 2.8% to £3.3m (H1 FY15: £3.2m)

·      Adjusted profit before tax up 19% to £3.8m (H1 FY15: £3.2m)

·      Gross Margin up 0.5% points to 10.0% (H1 FY15: 9.5%)

·      Adjusted diluted earnings per share up 3% to 3.8 pence (H1 FY15: 3.7 pence)

·      Net debt of £98.5m (H1 FY15: net cash £1.2m) reflecting the acquisition of Matthew Clark

·      Interim dividend up 5.0%, ahead of earnings, to 2.1p (FY15 interim dividend 2.0p)

 

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