The Fuller Smith and Turner Board announces an interim dividend of 6.63p (H1 2023: 4.68p) per 40p 'A' and 'C' ordinary share and 0.663p (H1 2023: 0.468p) per 4p 'B' ordinary share. This will be paid on 2 January 2024 to shareholders on the share register as at 15 December 2023. This payment equates to 85% of the 2019 interim payment and continues their return to a progressive dividend policy.
Other Financial Highlights:
Revenue up 12% to £188.8 million (H1 2023: £168.9 million), driven by strong performances across the estate
Like for like sales in H1 up 12.7%, demonstrating market outperformance, substantially ahead of the industry's Coffer CGA Business Tracker
Adjusted profit before tax increased by 48% to £14.5 million (H1 2023: £9.8 million) - demonstrating strong profit conversion despite inflationary challenges
Net debt is at £129.4 million (H1 2023: £129.2 million) with cash used to enhance the estate and finance shareholder returns
Completed buy back of one million 'A' shares at an average price of 580p, and today announcing their intention to buyback an additional one million 'A' shares.