GO plc – Preliminary Statement of Financial Results for the year ended 31 December 2016

 GO plc announced its annual results for financial year ended 31 December 2016.

The company registered a profit before tax of €62.474million compared to €53.331million registered in 2015. Revenue for the period under review amounted to €156.972million a rise of 26.9% per 2015. Earnings per share (EPS) decreased from 26c1 in 2015to 18c2 in 2016.

Despite the decrease in EPS one needs to account the fact that the company expanded its operations during the reported financial year with the acquisition of Cablenet and Kinexit.

The Board of Directors further resolved to recommend that the Annual General Meeting approves the payment of a final net dividend of €0.11 net of taxation per share. The payment of this Net Dividend amounts to the sum of €11,144,154. The final dividend will be paid on the 5 May 2017 to all shareholders who are on the shareholders’ register as at Monday 3 April 2017. The Annual General Meeting will be held on Wednesday 3 May 2017.

To view the full announcement, click here.