DFS increases its 2017 interim dividend by 5.7% and pays special

DividendMax Ltd.

DFS increases its 2017 interim dividend by 5.7% and pays special

Financial Highlights:

·     Group revenue up 6.8% to £379.9 million (2016: £355.8 million)

·     Gross sales for 12 month period exceed £1 billion for the first time

·     EBITDA up 4.5% to £32.4 million (2016: £31.0 million)

·     Profit before tax up 3.1% to £16.7 million (2016: £16.2 million).

·     Underlying basic earnings per share up 3.3% to 6.2 pence (2016: 6.0 pence)

·     Continued strong cash generation: gearing ratio reduced to 1.42x (2016: 1.71x)

·     Interim dividend increased 5.7% to 3.7 pence (2016: 3.5 pence)

·     Special dividend of 9.5 pence per share declared

 

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