The Finsbury Food Group plc Board of Directors is announcing an interim dividend for the year ending 2 July 2022 of 0.8p per share (H1 2020: nil). The interim dividend will be paid on 21 April 2022 to shareholders on the register at the close of business on 25 March 2022. The election deadline for participants in the Company's Dividend Re-investment Plan will be 29 March 2022.
Other financial highlights include:
Group revenue up 9% to £166.5m (H1 2020: £152.9m), representing a record half year sales performance.
Group EBITDA £11.9m (H1 2020: £13.1m).
Profit before tax £5.7m (H1 2020: £7.4m), reflecting the impact of inflationary pressures.
Basic EPS (pence per share) 3.2p (H1 2020: 4.1p).
Net bank debt reduced to £12.9m (excluding IFRS 16 debt), representing 0.5 times annualised EBITDA of the Group (H1 2020: £21.5m).
