Simonds Farsons Cisk plc – Approval of Interim Results and Dividend

October 1, 2015
|In Company Announcements
|By Jesmond Mizzi Financial Advisors

Simonds Farsons Cisk plc announced that the Board of Directors approved the Interim Results for the six months ended July 31, 2015. The Group registered a profit before tax of €4.8m, compared to €4.2m registered in 2014. Revenue for the period under review amounted to €44.2m, a rise of 7.8 per cent from 2015. Earnings per share increased to €0.211. The group’s board of directors also resolved to distribute, out of tax exempt profits, an interim dividend of €1m equivalent to € 0.0333 per ordinary share. This dividend will be paid on Tuesday October 20, 2015 to the ordinary shareholders who will be on the register as at the close of business on Tuesday October 6, 2015.

Such positive results were down to:

 

– A buoyant performance of the local economy,

 

– Further growth in tourist arrivals and expenditure, 

 

– Successful marketing of the beer portfolio,

 

– Volume growth in imported beverages, and 

 

– Improved performance from the franchised food business.

 

To view the official company annoucement, click here.