Due to the unprecedented uncertainty facing businesses around the world from Covid-19, Portmeirion are not recommending a final dividend at this time. They will review in three months and consider declaring an additional interim dividend in line with the final dividend for 2018 (29.50p). This will preserve approximately £3.1 million in forecast cash as part of Covid-19 contingency measures.
Other financial highlights include:
•Full year results are in line with market expectations.
•Group revenue increased by 3.6% to £92.8 million (2018: £89.6 million).
•Like-for-like revenue declined by 5.1% to £85.0 million (2018: £89.6 million).
•Headline profit before tax of £7.4 million (2018: £9.7 million).
•EBITDA of £11.4 million (2018: £11.8 million).
•Headline basic earnings per share of 56.32p (2018: 72.12p).