Business
Preliminary Announcement
Preliminary Announcement.
About this update from S&u Plc
[{"type":"text","content":"\n \nTHURSDAY 30th MARCH 2006\n\nS & U PLC\n\n Providers of Consumer Credit & Motor Finance \n\n RESULTS FOR THE YEAR TO 31st JANUARY 2006 \n\n * REVENUE £53.4m (2005 - £50.7m) GROSS PROFITS £28.1m (£27.7m).\n \n * PRE-TAX PROFITS £9.1m (£9.5m), ACHIEVED IN FACE OF CHALLENGING TRADING\n CONDITIONS, RETURN ON CAPITAL EMPLOYED 16.4%.\n \n * TOTAL DIVIDEND FOR THE YEAR 31p UNCHANGED. EARNINGS PER SHARE 54.0p\n (56.5p).\n \n * HOME COLLECTED CREDIT - PRE-TAX PROFITS MAINTAINED SLIGHTLY BELOW LAST\n YEAR'S RECORDS. NEW OPPORTUNITIES ANTICIPATED IN MORE DYNAMIC MARKET IN\n 2006.\n \n * ADVANTAGE FINANCE - ENCOURAGING ADVANCE IN MOTOR CAR FINANCE PRE-TAX\n PROFITS £2.24m (£2.07m). IMPROVEMENT IN ALL AREAS OF BUSINESS.\n \n * THE OUTLOOK FOR THE GROUP IS \"GOOD\".\n \nIssued on behalf of S & U plc by Simon Preston 0207 655 0500\n\nEnquiries: Derek Coombs or Anthony Coombs\n\n Chairman Managing Director\n\n S & U PLC S & U PLC\n\n Tel: 0207 655 0500 Tel: 07767 687150\n\n\nDate of issue: Thursday 30th March 2006\n\n\nPOLHILL COMMUNICATIONS TEL: 0207 655 0500\n\nDOME HOUSE FAX: 0207 655 0501\n\n48 ARTILLERY LANE WWW.POLHILL.COM\n\nLONDON E1 7LS Polwoods Limited\n\n Registration Number 1983318\n\nS & U PLC\n\nCHAIRMAN'S STATEMENT\n\nResults\n\nGood news for S&U plc which continues to achieve steady and reliable growth and\nprofitability in the face of challenging trading conditions in the UK Consumer\nCredit Market. Revenue for the year ended 31 January 2006 grew to £53.4m\ncompared to £50.7m for 2005. However, profit on ordinary activities before tax\nfor the year was £9.1m compared to £9.5m for 2005. Earnings per share for 2006\nwas 54.0p (2005 56.5p), maintaining good cover.\n\nWe maintained our dividend at 9p for the first half year's trading and we are\nalso pleased to announce a further 22p for the second half, making a combined\nproposed dividend of 31p for the year as a whole. The dividend for ordinary\nshares of 22p per share will be paid on the 2nd June 2006 and the shares will\nbe dealt ex dividend from the 3rd May 2006. Excellent dividend payment every\nyear since 1988 is our proud achievement and we anticipate continuing this\ntrend.\n\nHome Collected Credit\n\nAll our three home collected credit companies, S&U, Wilson Tupholme and SD\nTaylor managed to maintain profits at levels slig...