Churchill China are to propose a final dividend of 21.0p per share, giving a total dividend of 31.5p per share for the year, a 31% increase on the 24.0p paid in relation to 2021. This dividend will be payable on 23 June 2023 to shareholders on the register on 19 May 2023. The dividend is in line with their policy of growing returns to shareholders and reflects their ongoing confidence in the progress of the business.
Other financial highlights include:
Operating profit before exceptional items up 49% to £9.2m (2021: £6.1m)
Profit before exceptional items and tax up 52% to £9.1m (2021: £6.0m)
Reported profit after exceptional items before tax up 61% to £9.6m (2021: £6.0m)
Adjusted basic earnings per share up 77% to 66.9p (2021: 37.8p)
Basic earnings per share 71.7p (2021: 37.8p)
Cash generated from operations £4.9m (2021: £10.6m) - substantial investment into inventory to optimise service levels and efficiency
Net cash and deposits of £14.7m (2021: £19.0m)
