Business
Preliminary Results
Preliminary Results.
About this update from Sanderson Design Group Plc
[{"type":"text","content":"\n \nRNS Number : 0252V Walker Greenbank PLC 13 April 2016 \n\n13 April 2016\n \n \nWALKER GREENBANK PLC\n(\"Walker Greenbank\" or \"the Company\")\n \nPreliminary Results for the year ended 31 January 2016\n \n \nWalker Greenbank PLC (AIM: WGB), the luxury interior furnishings group whose brands include Sanderson, Morris & Co., Harlequin, Zoffany, Scion and Anthology, is pleased to announce its preliminary results for the 12 month period ended 31 January 2016.\n \nHighlights\n \n· Sales up 5.4% to £87.8 million (2015: £83.4 million) \n\n· Unadjusted profit before tax up 15.9% at £7.34 million (2015: £6.33 million) \n· Adjusted profit before tax* up 10.0% at £8.95 million (2015: £8.13 million)\n \n· Majority of production on track to be restored at Standfast & Barracks following flood by the end of April 2016. Financial results include insurance proceeds for loss of profits of £1.4 million for the period\n \n· Successful development of the fourth collection from the international contemporary Anthology brand including an exciting range of innovative wide-width fabrics\n \n· UK and global licensing partnerships signed in existing and new product areas\n \n· Adjusted earnings per share* up 7.1% at 12.47p per share (2015: 11.64p per share)\n \n· Final dividend up 25.0% to 2.45p per share (2015: 1.96p per share), giving a total dividend up 25.1% at 2.89p per share (2015: 2.31p per share)\n \n· Refinancing completed with a five year, £12.5 million rolling credit facility and £10 million accordion\n \n \n* Excludes accounting charges relating to share-based incentives and defined benefit pension charge\n \nTerry Stannard, the Chairman of Walker Greenbank, said: \"Whilst sales continue to be impacted by last year's flood at Standfast & Barracks the consequential loss of profits will be mitigated by our insurance policy. We remain on track to have reinstated the majority of production at the factory by the end of April 2016.\n \n\"In the first 9 weeks of the cu...