The S & U Board proposing a final dividend of 5.75p (2022: 5.50p) which will mean a total dividend for the year of 8.0p (2022: 7.75p) an increase of 3.23%. This is a record level of dividend.
Other financial highlights include:
Profit before tax: £21.4m (H1 2022: £20.9m)
Net Group Receivables: £417.3m (H1 2022: £370.1m)
Revenue: £55.3m (H1 2022: £49.4m)
£5.6m increase in finance costs and admin expenses driven by base rate increase and by inflation
Group Equity: £229.2m (H1 2022: £212.5m)
Group Gearing at 80% (31 July 2022: 73%)
Group funding facilities increased to £280m from £210m
