An interim dividend of 3.0p (2020: £nil) per ordinary share was declared by the ScS Group Board of Directors on 16 June 2021. The strength of the Group's balance sheet, coupled with the robust trading experienced since showrooms re-opened in April 2021, provided the Board with the confidence to recommence dividends and as such a final dividend of 7.0p (2020: £nil) has been proposed and, if approved, will be recorded within the financial statements for the year ended 30 July 2022.
Other financial highlights include:
Gross sales increased 21.0% to £324.5m (2020: £268.1m)
Revenue up 21.6% to £310.6m (2020: £255.5m)
Gross profit increased 22.9% to £147.0m (2020: £119.6m)
Gross margin improved to 45.3% (2020: 44.6%)
Operating profit of £26.8m (2020: £0.7m)
Underlying profit before tax of £18.4m (2020: £0.9m)
Profit before tax of £22.7m (2020: loss of £3.1m)
Underlying earnings per share of 41.3p (2020: 2.6p)
Statutory earnings per share of 50.4p (2020: loss per share 5.8p)
The result includes business rates relief of £10.2m (2020: £3.4m), and CJRS benefit of £nil (2020: £5.0m)
Strong balance sheet with cash of £87.7m (2020: £82.3m)
