17th Jan 2020 15:00
(Alliance News) - Character Group PLC said Friday it has approved the final dividend of 13.0 pence per share.
The toy maker said the final dividend of 13.0 pence had been approved by shareholders during the annual general meeting held earlier on Friday.
The final dividend will be paid on January 31 to those members on the register as at the close of business on January 15, Character Group noted.
Earlier today, the company had warned that full-year profit would be below market expectations following an "extremely challenging" Christmas period.
For the year ending August 31, Character had said it expects pretax profit to be roughly GBP10 million, not only below market expectations but potentially 9.9% lower at GBP11.1 million than last year.
The company does however expect a stronger last six months of financial 2020, anticipating one of its "strongest second half performances to date".
Character Group shares were down 15% in London at 322.00 pence each on Friday afternoon.
By Loreta Juodagalvyte; [email protected]
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