FY16 has been a difficult year for DX but FY results are in line with PBT forecasts and the company has confirmed it will pay a final dividend of 1.5p taking the FY total to 2.5p, an 11% yield. Revenue of £287.9m (£297.5m) was down 3.2% YoY and broadly in line with our expectations of £291.9m. PBT at £11.5m was significantly below last year, as expected, but in line with our £11.6m estimate and a lower tax rate than forecast meant earnings came in 4.7% above fore
21 Sep 2016
FY16 results: Difficult year but results in line
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FY16 results: Difficult year but results in line
- Published:
21 Sep 2016 -
Author:
Andy Hanson -
Pages:
9
FY16 has been a difficult year for DX but FY results are in line with PBT forecasts and the company has confirmed it will pay a final dividend of 1.5p taking the FY total to 2.5p, an 11% yield. Revenue of £287.9m (£297.5m) was down 3.2% YoY and broadly in line with our expectations of £291.9m. PBT at £11.5m was significantly below last year, as expected, but in line with our £11.6m estimate and a lower tax rate than forecast meant earnings came in 4.7% above fore