In line with their progressive dividend policy, the Best of the Best Board is recommending a final dividend of 5.0p per share (2020: 3.0p) for the full year ended 30 April 2021 subject to shareholder approval at the Annual General Meeting on 15 September 2021. The final dividend will be paid on 1 October 2021 to shareholders on the register on 17 September 2021.
As the Company continues to be profitable, cash generative and benefits from a robust balance sheet, the Board is also pleased to declare the return of approximately £4.71 million to shareholders by way of a special dividend (the "Special Dividend") of 50.0p per ordinary share.
The Special Dividend will be paid on 16 July 2021 to shareholders on the register at the close of business on 2 July 2021. The ex-dividend date is 1 July 2021. Following the payment of the Special Dividend the Company will retain working capital cash balances in excess of £6.0 million, which the Directors consider to be sufficient working capital to fund the Company's activities over the next 12 month period.
Other financial highlights include:
Revenue increased to £45.68 million (2020: £17.79 million)
Profit before tax of £14.06 million (2020: £4.19 million)
Earnings per share increased to 122.52p (2020: 37.51p)
Net assets of £8.96 million, substantially underpinned by property and cash
Cash balances of £11.8 million at 30 April 2021 - the Group is debt free