Cineworld increases its 2017 interim dividend by 15.4%

DividendMax Ltd.

Cineworld increases its 2017 interim dividend by 15.4%

Key Financial Highlights

Revenue growth of 17.8% on a statutory basis and 12.4% on a constant currency basis;

o UK & Ireland revenue growth of 11.5%;

o ROW revenue growth of 28.7% on a statutory basis and 13.7% on a constant currency basis, with double digit growth in Israel, Poland, Romania, Bulgaria and Slovakia;

Group EBITDA growth of 19.6%, 12.9% on a constant currency basis;

Adjusted profit after tax increased by 23.5% to £42.0m;

Statutory profit after tax increased 65.2% to £40.3m;

Adjusted diluted EPS increased by 21.3% to 15.4p;

Interim dividend increased by 15.4% to 6.0p;

Net cash generated from operating activities of £65.9m (2016: £44.4m); and 

Net debt increased to £309.1m following the early payment of the final 2016 dividend (£282.3m at 31 December 2016).

Companies mentioned