(RTTNews) – Related British Meals PLC (ASBFY.PK, ABF.L) reported Tuesday that its first-half revenue earlier than taxation climbed 37 % to 881 million kilos from final 12 months’s 644 million kilos.
Fundamental earnings per share grew 30 % to 87.4 pence from final 12 months’s 67.0 pence.
Adjusted revenue earlier than tax was 911 million kilos, in comparison with 667 million kilos a 12 months in the past. Adjusted earnings per share have been 90.4 pence, in comparison with 62.0 pence within the prior 12 months.
Group income grew 2 % to 9.73 billion kilos from final 12 months’s 9.56 billion kilos. Revenues grew 5 % on a continuing foreign money foundation.
Additional, the Board has declared an interim dividend of 20.7p a share, a rise of 46 % on identical interval final 12 months reflecting the expansion in earnings. The dividend might be paid on July 5 to shareholders registered on the shut of enterprise on Might 31.
Trying forward, the corporate mentioned it’s on observe to ship important progress in each profitability and money technology forward of expectations in the beginning of this monetary 12 months.
Grocery would proceed to carry out nicely. In Sugar, a considerable enchancment in profitability remains to be anticipated.
The corporate expects Primark to proceed to carry out nicely within the second half pushed by retailer enlargement programme and the modest ranges of like-for-like progress.
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