Cranswick increases its 2016 final dividend by 10.7%

DividendMax Ltd.

Cranswick increases its 2016 final dividend by 10.7%

Financial highlights:

Revenue ahead by 6.6% at £1,069.6m (2015: £1,003.3m)

Underlying1 revenue up 4.7%

Adjusted Group operating margin2 of 6.2% (2015: 5.8%)

Adjusted profit before tax2 increased 13.7% to £65.7m (2015: £57.8m)

Adjusted earnings per share2 13.7% higher at 104.7p (2015: 92.1p)

Recommended final dividend increased by 10.7% to 25.9p (2015: 23.4p)

Net funds of £17.8m (2015: net debt at £17.3m)

Statutory profit before tax up 11.0% to £58.7m (2015: £52.8m)

Statutory earnings per share 8.8% higher at 91.5p (2015: 84.1p)

£4.6m non-cash impairment of Sandwiches goodwill

Companies mentioned