Mortgage Advice Bureau increases its 2017 full year dividend by 17%

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Ninth consecutive year of strong revenue and profit growth

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Revenue up 17% to £108.8m (2016: £92.8m)

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Gross profit up 17% to £25.9m (2016: £22.1m)

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Gross margin maintained at 23.8% (2016: 23.9%)

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Overheads ratio of 10.9% (2016: 11.1%)

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Reported profit before tax of £14.5m (2016: £15.2m¹)

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Profit before exceptional gain and tax up 16% to £14.5m (2016: £12.5m²)

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Profit margin before exceptional gain and tax maintained at 13.4% (2016: 13.5%²)

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Basic EPS of 23.8p (2016: 25.6p¹)

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Adjusted EPS up 17% to 23.8p (2016: 20.3p²)

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Continued high operating profit to headline cash conversion³ of 120% (2016: 128%)

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Continued high operating profit to adjusted cash conversion⁴ of 109% (2016: 111%)

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Proposed final dividend of 11.9p making proposed total ordinary dividends for the year of 21.4p (2016: 18.3p), up 17% (payout ratio of 90%)

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Strong financial position with significant surplus on regulatory capital requirement

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Total cash balances of £22.6m (31 Dec 2016: £18.7m)

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Unrestricted cash balances of £13.2m (31 Dec 2016: £10.8m)