23rd Oct 2013 06:40
MILTON KEYNES (Alliance News) - Home Retail Group Plc (HOME.L, HMRLF.PK) reported that profit attributable to equity holders of the Company for the 26 weeks ended 31 August 2013 declined to 12.5 million pounds from 33.1 million pounds in the 26 weeks to ended 1 September 2012. Earnings per share for the period fell to 1.5 pence from the prior year's 4.1 pence.
Profit before tax for the period slipped to 14.2 million pounds from 46.7 million pounds in the prior year period.
Benchmark profit after tax for the financial period grew to 19.6 million pounds, from 11.4 million pounds in the prior year. Benchmark earnings per share was 2.4 pence, up from 1.4 pence in the previous year.
Benchmark profit before tax improved to 27.4 million pounds from 17.9 million pounds in the prior year.
Revenue for the period grew to 2.596 billion pounds from last year's 2.531 billion pounds. Sales for the period were up 3% to 2.596 billion pounds, while like-for-like sales were up 2.3% at Argos, and up 5.9% at Homebase.
The company announced an interim dividend of 1.0 pence, this is consistent with the announcement at the 1 May 2013 full year results presentation that to reflect the weighting of the Group's profit to the second half of the financial year the interim dividend would be held at 1.0 pence, with any changes to the full year dividend being made to the final dividend. The dividend will be paid on 22 January 2014 to shareholders on the register at the close of business on 15 November 2013.
Copyright RTT News/dpa-AFX
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