Simonds Farsons Cisk plc – Approval of Financial Statements and Declaration of Final Dividend

The board of directors of Simonds Farsons Cisk plc has on Wednesday April 30, 2014 met and approved for publication the financial statements of the company for the year ended January 31, 2014, and resolved to propose the same for the approval of the shareholders at the forthcoming Annual General Meeting (AGM) of the Company to be held on June 18, 2014.

The Group registered a profit before tax of EUR 6.85m, compared toEUR 6.48m registered in 2012. Revenue for the period under review amounted to EUR 78.62m, a rise of 1.9% from 2012. EPS increased to EUR 0.211

Furthermore, the board has resolved to recommend for the approval of the AGM the distribution, out of tax exempt profits, of a final net dividend of € 1.5m that is €0.05 per ordinary share of €0.30 to be paid by not later than June 19, 2014.

An interim net dividend of € 1m that is €0.0333 per ordinary share was approved at the Board Meeting held on September 25, 2013 and distributed on October 4, 2013. Therefore, the total net dividend to the ordinary shareholders relating to the financial year ended January 31, 2014 amounts to € 2.5m that is €0.0833 per ordinary share.

The board of directors has established May 19, as the effective date on which all shareholders, then on the register of members, shall be entitled to receive notice of and attend the AGM, be paid dividends declared by the General Meeting and appoint directors or vote at the election of directors.

To view the official company annoucnemnet, click here.