Best of the Best announce a final dividend to 6.0p per ordinary

DividendMax Ltd.

Best of the Best announce a final dividend to 6.0p per ordinary

The Best of the Best PLC Board is recommending a final dividend of 6.0p per share (2021: 5.0p, 2020: 3.0p) for the full year ended 30 April 2022 subject to shareholder approval at the Annual General Meeting on 14 September 2022. The final dividend will be paid on 30 September 2022 to shareholders on the register on 16 September 2022. 

Other financial highlights include:

Revenue of £34.68 million, greater than the £17.79 million delivered in the pre-pandemic year of FY2020, the most appropriate comparative period. In FY2021, the Group delivered £45.68m as the business benefited from what transpired to be particularly favourable trading conditions during the pandemic.

Profit before tax of £5.14 million is up by 22.2% on FY2020 (£4.21million) although lower than FY2021 (£14.06 million) owing to the operational leverage experienced last year.

A very strong financial position and cash generation maintained, with cash balances of £10.82 million as at 30 April 2022, an increase from the £8.34m for the six months ended 31 October 2021.

The Group is debt free and has net assets of £8.09 million, substantially underpinned by property and cash.

Earnings per share was 45.30p (2020: 37.51p, 2021: 122.52p)

Tender offer announced to return up to circa £6.275 million to shareholders.

Trading for the new financial year has started in line with management expectations.

Companies mentioned