Air Partner increases its 2016 full year dividend by 7.2%

DividendMax Ltd.

Air Partner increases its 2016 full year  dividend by 7.2%

Financial highlights:

Underlying PBT of £5.1m, an increase of 17.2%

Gross margin up 180bps to 14.7% (12.9%)

Underlying EPS of 6.5p, an increase of 10.2%

Statutory PBT rose by 38.6% to £4.3m after £0.7m of other items

Including JetCard, total cash balances of £19.8m (£19.8m)

Excluding JetCard, Group cash balances of £3.9m (£3.0m) and net cash of £1.0m (net debt of £0.5m)

Proposed final dividend of 3.6p, an increase of 6%, taking the total dividend for the year to 5.2p, an increase of 7.2%, covered 1.3X by underlying EPS

Companies mentioned