Cranswick PLC announce an interim dividend is being increased by 7.0% to 20.0p per share from 18.7p per share previously. The interim dividend will be paid on 28 January 2022 to Shareholders on the register at the close of business on 17 December 2021. Shareholders will again have the option to receive the dividend by way of a scrip issue.
Other financial highlights include:
Statutory profit before tax 17.7% higher at £63.2m (2020: £53.7m)
Statutory earnings per share up 16.8% to 95.7p (2020: 81.9p)
Return on capital employed 127bps higher at 17.8% (2020: 16.6%)
Net debt (excluding IFRS 16 lease liabilities) of £18.6m (2020: £54.6m and March 2021: £20.8m)
Robust balance sheet with £250m of bank facilities providing generous headroom following refinancing