Churchill China Plc are pleased to propose a final dividend of 25.0p per share, giving a total dividend of 36.0p per share for the year, a 14.3% increase on the 31.5p paid in relation to 2022. The final dividend will be payable on 17 June 2024 to shareholders on the register on 17 May 2024.
Other financial highlights include:
Broadly flat revenues in a challenging environment
Profit before tax up 12.4% to £10.8m (2022: £9.6m)
Adjusted basic earnings per share up 4.9% to 70.2p (2022: 66.9p)
Net cash inflow of £8.3m (2022: £4.9m) despite significant investment in inventory to further enhance customer service levels.
Net cash and deposits £13.9m (2022: £14.7m)
