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Annual Results

Cranswick hikes divi as revenues and profits rise

23 May 2017 07:34

Cranswick's adjusted profit before tax increased by 17.2% to £75.5m in the year to the end of March.

Revenue were up by 22.5% at £1,245.1m with like-for-like revenue up 12.7%.

Adjusted earnings per share rose by 17.6% higher at 120.9p.

Other highlights:

- Recommended final dividend increased by 19.7% to 31.0p (2016: 25.9p)

- Net debt of £11.0m (2016: net funds of £17.8m)

- Statutory profit before tax from continuing operations up 24.8% to £77.5m (2016: £62.1m)

- Statutory earnings per share on continuing operations 25.6% higher at 124.2p (2016: 98.9p)

Chief executive Adam Couch said: "We have reported another year of strong growth in financial results, during which we have also made further strategic and commercial progress.

"We enter the new financial year in excellent shape having added to our asset base, enhanced market positions and successfully integrated our two strategically important acquisitions during the last twelve months.

"We have further strengthened the solid foundations of our business and we believe we are well placed to continue to deliver sustainable organic growth going forward."

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Related Company: CWK

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