Revenue

Revenue

£million

Underlying Operating Profit

Underlying* Operating Profit

£million

Revenue

£million

£693.6m
+6.0%

2015: £654.1m

Underlying* Operating Profit

£million

£41.1m
+11.7%

2015: £36.8m

Underlying Profit Before Tax

Underlying* Profit Before Tax

£million

Basic Underlying Earnings Per Share

Basic Underlying* Earnings Per Share

£million

Underlying* Profit Before Tax

£million

£40.1m
+12.6%

2015: £35.6m

(Statutory Profit Before Tax £38.2m +7.3% 2015: £35.6m)

Basic Underlying* Earnings Per Share

pence

38.7p
+14.5%

2015: 33.8p

Total Dividends

Total Dividends Declared and Proposed in respect of 2016

pence

Net Cash Position

Net Cash Position

£million

Total Dividends Declared and Proposed in respect of 2016

pence

30.55p
+14.4%

2015: 26.7p

Net Cash Position

£million

£52.6m
+19.8%

2015: £43.9m

* Before non-recurring items

† A special dividend of 6.0 pence and 8.0 pence was declared in respect of the financial years 2015 and 2016 respectively in addition to the total ordinary dividend

OPERATIONAL HIGHLIGHTS

  • Improved operating performance as a consequence of increased revenue and leveraging of the extensive distribution network, with underlying* operating margin of 5.9% (2015: 5.6% (after adjusting for one-off benefit))
  • No discernible impact on trading following the EU referendum in June 2016, and able to implement price increases to mitigate cost inflation due to a weakening of Sterling
  • Continued expansion of the distribution network with seven trade counters opened in 2016, and one post the year end, bringing the total number of trade counters to 55