Interims reflect a period of strong trading as well as the c.11% translation benefit from converting the predominantly £ based profits into Abbey’s € reporting currency. Revenues increased 54% to €111.9m, operating profit grew 78% to €29.4m and PBT increased 75% to €29.7m. EPS increased 73% to 110.1c. The balance sheet remains very strong with €80.6m of cash and €13.7m of gilt investments. The interim dividend has been increased 20% from 5c to 6c
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Interims - Trading remains strong
- Published:
11 Dec 2015 -
Author:
Chris Thomas - Pages:
Interims reflect a period of strong trading as well as the c.11% translation benefit from converting the predominantly £ based profits into Abbey’s € reporting currency. Revenues increased 54% to €111.9m, operating profit grew 78% to €29.4m and PBT increased 75% to €29.7m. EPS increased 73% to 110.1c. The balance sheet remains very strong with €80.6m of cash and €13.7m of gilt investments. The interim dividend has been increased 20% from 5c to 6c