Franchise Brands profit rises on boost from Willow Pumps acquisition; ups divi

Thu, 4th Mar 2021

Franchise Brands reported a rise in profit as revenue was boosted by the a larger contribution of Willow Pumps, which was acquired in October 2019. For the year ended 31 December 2020, pre-tax profit increased by 12% to £3.7 million year-on-year as revenue increased by 12% to £49.3 million. Willow Pumps added £12.4 million of revenue, compared with £3.8 million a year earlier. The final dividend of 0.80 pence per share was proposed, up from 0.65p per share, boosting the full-year dividend to 1.1p per share, up 16%. 'Trading has started strongly in 2021, with resilient sales in the B2B division and robust recruitment in the B2C division,' the company said. At 10:03am: (LON:FRAN) Franchise Brands Plc share price was 0p at 102.5p Story provided by StockMarketWire.com

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