The Cake Box Holdings Board to recommend a final dividend of 5.1 pence per share (FY21: 3.7p), bringing the total dividend for the year to 7.6 pence per share (FY21: 5.55p).
If approved by the shareholders at the Company's AGM on 20th September 2022, the final dividend of 5.1 pence per share will be paid on 27th September 2022 to shareholders on the register on 26th August 2022.
Other financial highlights include:
Group revenue up 50.7% to £33.0m (2021: £21.9m).
Gross margin reduced to 47.9% (2021: 49.8%), due to exceptional increase in new store openings.
Cash from operations of £5.3m (2021: £4.3m).
Strong balance sheet with £6.6m cash at period end (2021: £5.1m).