Greggs increases its 2016 interim dividend by 28.4%

DividendMax Ltd.

Greggs increases its 2016 interim dividend by 28.4%

Financial highlights

·     Total sales up 6.0% to £422m

·     Company-managed shop like-for-like sales up 3.8%

·     Operating profit excluding property gains and exceptional charge* up 6.7% to £27.2m (2015: £25.5m)

·     Property disposal gains of £2.2m (2015: £0.1m)

·     Diluted earnings per share excluding exceptional charge* 22.3p (2015: 19.5p)

·     Pre-tax profit including property profits and exceptional charges £25.4m

·     Continued strong cash generation: £44.7m net inflow from operating activities

·     Ordinary interim dividend per share of 9.5p (2015: 7.4p)

Companies mentioned