S & U recommend a payment of a final dividend of 50p per ordinary share (2019: 51p) to shareholders on the register at the 19th June 2020. This means that total dividends this year will be 120p per share (2019: 118p) with this total dividend being again covered nearly exactly twice (2019: 1.98). As usual, final dividend will be subject to the approval of shareholders at our AGM, which will now be held by remote means on 9th June 2020.
Other financial highlights include:
Profit before taxation ("PBT") up 2% at £35.1m (2019: £34.6m)
Revenue up 8% at £89.9m (restated 2019: £83.0m)
Basic earnings per share up 3% at 239.2p (2019: 233.2p)
Amounts receivable from customers increased by 9% to £301.8m (2019: £277.1m)
Net Borrowings at £117.8m (2019: £108.0m) - gearing at 65.7% (2019: 65.3%)
