In line with Clipper's dividend policy and reflecting the Group's earnings growth, the Board is pleased to announce an interim dividend of 3.5 pence per share, which will be paid on 6 January 2020 to shareholders on the register at 13 December 2019. This represents an increase of 9.4% (0.3 pence per share) compared to the interim dividend of 3.2 pence paid in January 2019.
Other financial highlights include:
Group revenue up 11.7% to £254.6 million (six months ended 31 October 2018 ("H1 FY19"): £227.9 million).
Reported Group EBIT increased 13.5% to £12.1 million (H1 FY19: £10.7 million), due to strong revenue growth in e-fulfilment and returns management and an improvement in contributions from Clicklink. By segment:
o E-fulfilment and returns management services EBIT up 34.2% to £8.4 million (H1 FY19: £6.2 million), including £(0. 5) million contribution from Clicklink (H1 FY19: £(0.7) million);
o Non e-fulfilment logistics EBIT up 8.8% to £7.9 million (H1 FY19: £7.3 million). There were no property-related advisory fees in H1 FY20 (H1 FY19: £2.8 million); and
o Commercial vehicles EBIT down 5.9% to £0.86 million (H1 FY19: £0.91 million).
