Park Group increases its 2016 final dividend by 18.8%

DividendMax Ltd.

Financial highlights

Operating profit increased by 7.3 per cent to £10.4m (2015 - £9.7m)

Profit before tax increased 8.5 per cent to £11.9m (2015 - £10.9m)

Billings increased 3.3 per cent to £385.0m (2015 - £372.9m)

Earnings per share increased 13.3 per cent to 5.28p

Proposed raising of final dividend by 18.8 per cent to 1.90p per share (2015 - 1.60p), making a total dividend for the year of 2.75p per share (2015 - 2.40p per share)

Total cash balances peaked at £206m (2015 - £189m). Year end cash balance was £28.8m (2015 - £23.2m) with a further £75.2m (2015 - £65.7m) of monies held in trust