18th May 2021 13:47
Cranswick PLC - Yorkshire-based meat producer - Reports revenue of GBP1.90 billion for financial year ended March 27, up 14% on the year before and representing like-for-like growth of 12%. Pretax profit increases 10% to GBP114.8 million from GBP104.0 million. Firm says all product categories performed well and recorded growth in volumes.
"It was particularly pleasing to see positive performances from operations in which there has been substantial recent investment, including the Eye poultry facility, convenience foods and continental products," says Cranswick.
Proposes final dividend of 51.3 pence per share, up 17% on the year before. This, together with interim dividend of 18.7p, brings total payout for year to 70.0p, up 16% from 60.4p - marking "31 years of unbroken dividend growth".
Start to current financial year "particularly positive" and describes outlook as "very encouraging".
Current stock price: 3,956.00p, up 6.5% on Tuesday
Year-to-date change: up 12%
By Lucy Heming;Â [email protected]
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