Subject to the approval of shareholders at the AGM on 6 June, the S & U plc board proposes a final dividend of 50p per ordinary share (2023: 60p). This will be paid on 12 July 2024 to the shareholders on the register on 21 June 2024. Total dividends for the year will then be 120p per share (2023: 133p).
Other financial information includes:
- Revenue increased by 12% to £115.4m (2023: £102.7m)
- Profit before tax ("PBT"): £33.6m (2023: £41.4m)
- Group net receivables at year-end increased by 10% to £462.9m (2023: £420.7m)
- Group impairment charge of £24.2m (2023: £13.9m) reflecting increased motor arrears during H2
- Group net finance costs at £15.0m (2023: £7.5m) on higher borrowings and increased base rates this year
- Basic earnings per share: 209.2p (2023: 277.5p)
- Net Borrowings at £224.4m (2023: £192.4m) - gearing at 95.8% (2023: 85.5%)
