Lookers increases its 2016 interim dividend by 20%

DividendMax Ltd.

Lookers increases its 2016 interim dividend by 20%

Financial highlights:

Revenue increased 33% to £2.34 billion (2015: £1.75 billion)

Operating profit increased 20% to £59.1 million (2015: £49.2 million)

Adjusted profit before tax increased 16% to £50.1 million (2015: £43.1 million)

Profit before tax increased by 17% to £46.7 million (2015: £39.9 million)

Earnings per share up 17% at 9.44p (2015: 8.08p)

Adjusted earnings per share up 16% at 10.3p (2015: 8.89p)

Increase in interim dividend of 20% to 1.28p per share (2015: 1.07p)

Net debt significantly reduced to £74.9 million (31 December 2015: £161.7 million)

Companies mentioned