Murgitroyd Group plc Recommends Payment of Final Dividend; Provides Earnings Guidance for the Full Year Ended May 31, 2018
The board announced that it expects to report underlying profit before income tax for the year ended 31 May 2018 in line with existing market expectations at £4.08 million (2017: £3.80 million). Group operating cash flow has remained strong with record year end cash balances of £3.03 million and current cash balances of in excess of £3.2 million on which basis. Notwithstanding the provision, reported basic earnings per share for the year ended 31 May 2018 are 5% higher year-on-year at 29.7 pence, and based on underlying earnings are 21% higher.