Financial summary
Underlying profit before tax £82.9m (2015 - £85.0m) including:
o £3.7m adverse impact from the previous changes in vehicle depreciation rates;
o £1.7m adverse effect of the weakened Euro across the year;
Adjusting for the above factors, underlying profit before tax increased by £3.3m;
Profit before tax £77.6m (2015 - £83.0m);
Underlying basic earnings per share 49.0p (2015 - 51.0p);
Basic earnings per share 46.1p (2015 - 50.1p);
Reduction in net debt from £337.8m at 30 April 2015 to £309.9m including:
o £42.8m net cash generation post dividends;
o £16.1m adverse effect of the strengthened Euro at the balance sheet date;
10% increase in proposed full year dividend per share to 16.0p (2015 - 14.5p):
o Final dividend proposed 10.9p (2015 - 10.2p).
