Gateley increases its 2017 full year dividend by 17%

DividendMax Ltd.

Gateley increases its 2017 full year dividend by 17%

Financial Highlights

 

·      Revenue increased 15.7% (2016: 10.2%) to £77.6m (2016: £67.1m)

 

·      Adjusted EBITDA increased 15.5% (2016: 14.8%) to £14.9m (2016: £12.9m)

 

·      Profit before tax increased 18.8% (2016: 12.2%) to £13.1m (2016: £11.0m)

 

·      Basic EPS increased 15.3% to 9.43p (2016: 8.18p)

 

·      Proposed final dividend of 4.4p resulting in an increased total year dividend of 6.6p (2016: 5.639p)

 

·      Strong cash generation and completion of second acquisition using own cash resources

 

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