The Cranswick plc interim dividend is being increased by 10.2% to 22.7p per share from 20.6p per share previously. The interim dividend will be paid on 26 January 2024 to Shareholders on the register at the close of business on 15 December 2023.
Other financial highlights include:
Statutory profit before tax 41.3% higher at £86.9m (2022: £61.5m)
Statutory earnings per share up 29.9% to 119.5p (2022: 92.0p)
Return on capital employed up 54bps to 16.4% (2023:15.9%)
Net debt (excluding IFRS 16) £10.1m lower at £51.0m (September 2022: £61.1m and March 2023: £20.2m)
Robust balance sheet and low leverage with £250m bank facility providing significant headroom
