26th Apr 2023 12:25
Sanderson Design Group PLC - Denham, England-based luxury interior furnishings company - Posts revenue of GBP112.0 million for the year ended on January 31, down 0.2% from GBP112.2 million the year before. Says brand products sales are down 0.8% to GBP83.4 million from GBP84.1 million the year before. However, pretax profit rises by 4.8% to GBP10.9 million from GBP10.4 million, as basic earnings per share rises by 14% to 12.42 pence from 10.93p. Adjusted pretax profit rises slightly to GBP12.6 million from GBP12.5 million.
Proposes a final dividend of 2.75 pence per share, unchanged from a year prior. This brings the total dividend to 3.5p, also unchanged from financial 2022. Looking ahead, says licensing income has performed strongly and hospitality contract orders are encouraging.
Chair Dianne Thompson says: "As we start the current financial year, inflationary pressures on input costs persist but the US market continues to perform well, licensing income has performed strongly and hospitality contract orders are encouraging. The board's expectations for the year remain unchanged."
Current stock price: 144.25 pence each, down 1.5% on Wednesday afternoon in London
12-month change: down 14%
By Xindi Wei, Alliance News reporter
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