In accordance with the Warpaint London Plc Group's progressive dividend policy, the board recommends an increased final dividend of 6.0 pence per share which, if approved by shareholders at the annual general meeting ("AGM"), will be paid on 5 July 2024 to shareholders on the register at 14 June 2024. The shares will go ex-dividend on 13 June 2024.
During the year, an interim dividend of 3.0 pence per share was paid on 24 November 2023, bringing the total dividend for the year to 9.0 pence per share (2022: 7.1 pence per share).
Other Financial Highlights Include:
- Strong growth in sales, margins and profits to reach record levels for the Group. Significant growth in all geographic regions reflecting the focus on growing sales of the Group's branded products
- Gross profit margin increased to 39.9% (2022: 36.4%)
- EBITDA increased 74% to £20.4 million (2022: £11.7 million)
- Profit before tax was up by 136% to £18.1 million (2022: £7.7 million)
- Earnings per share up 123% 18.1p (2022: 8.1p)
- Cash of £9.1 million at 31 December 2023 (31 December 2022: £5.9 million), with no debt
