Caffyns Plc declared a final dividend for the year of 5.0 pence per Ordinary share (2023: 15.0 pence). This will be paid on 9 August 2024 to shareholders on the register at close of business on 12 July 2024. The Ordinary shares will be marked ex-dividend on 11 July 2024.
Other financial highlights include:
Revenue up 4% to £262.1 million (2023: 251.4 million)
New car unit deliveries up by 5%
Used car unit sales up by 2%
Aftersales revenues up by 5% to £28.5 million (2023: £27.0 million)
Underlying loss before tax of £0.6 million (2023: profit of £3.1 million)
Net bank borrowings at 31 March 2024 were £11.3 million (2023: £8.1 million)
Property portfolio valuation at 31 March 2024 showed a reduced surplus to net book value of £10.7 million (2023: £11.5 million) due to a general softening in the commercial property market. This surplus is not recognised in these accounts).
