Cranswick PLC announce their interim dividend is being increased by 3.0% to 20.6p per share from 20.0p per share previously. The interim dividend will be paid on 27 January 2023 to Shareholders on the register at the close of business on 16 December 2022. Shareholders will again have the option to receive the dividend by way of a scrip issue.
Other financial highlights include:
Statutory profit before tax 2.7% lower at £61.5m (2021: £63.2m)
Statutory earnings per share down 3.9% to 92.0p (2021: 95.7p)
Return on capital employed at 15.9% (2021: 17.8%)
Net debt (excluding IFRS 16 lease liabilities) of £61.1m (2021: £18.6m and March 2022: £36.2m)
Robust balance sheet and significant headroom
