4imprint Group plc Declares Interim Dividend for the Period Ended 2 July 2016, Payable on 15 September 2016; Announces Unaudited Consolidated Earnings Results for the Half Year Ended July 2, 2016; Provides Tax Rate Guidance for the Full Year 2016
August 02, 2016 at 02:00 am EDT
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The board of 4imprint Group plc has declared an interim dividend per share of 16.32 cents against 12.09 cents in 2015, an increase of 35%. In Sterling, the interim dividend per share will be 12.30 pence against 7.75 pence in 2015, an increase of 59% over prior period. The dividend will be paid on 15 September 2016.
The company announced unaudited consolidated earnings results for the half year ended July 2, 2016. For the period, revenue was $270,222,000 against $231,028,000 a year ago. Operating profit before exceptional items was $13,970,000 against $11,797,000 a year ago. Operating profit was $11,509,000 against $11,797,000 a year ago. Profit before tax was $11,138,000 against $11,408,000 a year ago. Profit for the period was $7,908,000 against $8,099,000 a year ago. Diluted earnings per share were $28.13 against $28.81 a year ago. Net cash generated from operating activities was $11,253,000 against $19,099,000 a year ago. Purchases of property, plant and equipment was $1,203,000 against $3,119,000 a year ago. Purchases of intangible assets were $201 million against $215 million a year ago. Underlying profit before tax was $14.33 million against $12.19 million a year ago. Underlying basic EPS was 37.28 cents against 31.25 cents a year ago.
The company announced that the composite tax rate of 29% (2015: 29%), reflects the expected tax rate for the Group for the full year in 2016.
4imprint Group plc is a United Kingdom-based direct marketer of promotional products with operations in North America, the United Kingdom, and Ireland. The Companyâs business operations are focused on a direct marketing business model. It delivers organic growth by using a range of data-driven, online, offline and brand-based direct marketing techniques to capture market share in the promotional product markets that it serves. It operates through two segments: North America and UK & Ireland. Its products are sold under its own label brands, namely Crossland, reFresh and TaskRight. Crossland brand offers fleece jackets, blankets, beanie hats, vacuum mugs, backpacks and coolers. Its product range comprises tens of various individual products ranging from basic giveaways, such as pens, bags and drinkware to higher value items, such as embroidered apparel, business gifts and full-size trade show displays, enables its customers to find the product for their promotion and their brand.
4imprint Group plc Declares Interim Dividend for the Period Ended 2 July 2016, Payable on 15 September 2016; Announces Unaudited Consolidated Earnings Results for the Half Year Ended July 2, 2016; Provides Tax Rate Guidance for the Full Year 2016