Walker Greenbank increases its 2016 final dividend by 24.9%

DividendMax Ltd.

Walker Greenbank increases its 2016 final dividend by 24.9%


Sales up 5.2% to £92.4 million (2016: £87.8 million)  

Adjusted underlying profit before tax up 16.9% at £10.4 million (2016: £8.9 million)

Standfast & Barracks fully recovered following flood in December 2015. Financial results include insurance proceeds for loss of profits and net proceeds for asset replacement of £5.1 million for the period

Acquisition of Clarke & Clarke in October 2016 delivered a profit contribution of £1.0 million in the first 18 weeks of ownership with performance continuing to be in line with the Board's expectations

UK Licensing income gaining momentum, up 25.6% in reportable currency, 13.1% in constant currency, at £2.6 million with new distribution agreements for bedding in the US and China

Underlying profit from operations up 19.5% to £9.8 million (2016: £8.2 million)

Total statutory profit from operations down 3.7% to £7.9 million (2016: £8.2 million) due to acquisition, restructuring and reorganisation costs Adjusted

earnings per share up 14.6% at 13.67p per share (2016: 11.93p per share)

Final dividend up 24.9% to 3.06p per share (2016: 2.45p per share), giving a total dividend up 24.9% at 3.61p per share (2016: 2.89p per share)

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