Cranswick increases its 2017 final dividend by 19.7%

DividendMax Ltd.

Cranswick increases its 2017 final dividend by 19.7%

Financial highlights:

Revenue ahead by 22.5% at £1,245.1m (2016: £1,016.3m)

Like-for-like revenue up 12.7%

Adjusted Group operating margin of 6.1% (2016: 6.4%)

Adjusted profit before tax increased 17.2% to £75.5m (2016: £64.4m)

Adjusted earnings per share 17.6% higher at 120.9p (2016: 102.8p)

Recommended final dividend increased by 19.7% to 31.0p (2016: 25.9p)

Net debt of £11.0m (2016: net funds of £17.8m)

Statutory profit before tax from continuing operations up 24.8% to £77.5m (2016: £62.1m)

Statutory earnings per share on continuing operations 25.6% higher at 124.2p (2016: 98.9p)

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