Cake Box Holding are declaring an interim dividend of 2.625 pence per share representing an increase of 5.0% from last year.
The interim dividend will be paid on 9th December 2022 to those shareholders on the register at the close of business on 18th November 2022. The ex-dividend date is therefore 17th November 2022.
Other financial highlights include:
Group revenues up 2.1% to £16.8m (H1 FY22: £16.5m)
o Sustained recovery in trading towards the end of the period against a very strong comparative, with like-for-like sales growth of 3.6% in September
Gross margins increased to 47.7% (H1 FY22: 46.2%) despite input cost increases
Reduction in EBITDA and pre-tax profit, reflects the previously reported challenging trading environment in H1, cost pressures and increased investment in the business
Continued balance sheet strength with net cash increasing to £4.2m (H1 FY22: £4.1m)