logo
Share SHARE
FONT-SIZE Plus   Neg

S & U Says FY Results Will Significantly Exceed Market Forecast - Quick Facts

S & U Plc (SUS.L) in its year end trading update said it is trading well and that results will significantly exceed market expectations.

The company stated that its Home Credit division has traded well over Christmas and January and continues to do so. Customer numbers continue to grow and as a result S & U opened two new branches at Swindon and in Glasgow.

S & U noted that although it continues to grow, its vigorous underwriting and collections performance has seen the treasury position continue to strengthen. Since the end of last year, borrowings have reduced by nearly 3 million pounds. Gearing has fallen to under 35% from 43% last year and 57% two years ago.

Besides, the company said the strength of its current trading and its treasury position leads the Board to the view that it will be appropriate to approve the payment of a second interim dividend of 12 pence per ordinary share on March 23 to holders on the share register on March 2. This is an increase at interim of 20% on last year.

Further, it is the company's intention, subject to any unforeseen circumstances, to suggest the payment of a final dividend on June 22, 2012 of at least 16 pence per ordinary share for the year ending January 31, 2012.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Shares of Ryanair Holdings Plc were losing around 2 percent in the early morning trading in London after the Irish no-frills airline Tuesday said it is cautiously guiding a profit increase in fiscal 2018 after reporting weak profit in fiscal 2017. The latest year profit was hurt by the absence of prior year's gain, while revenues increased with strong traffic growth. Hampton Farms has voluntarily recalled Ava's brand organic cashews for potential Listeria contamination. The Organic Cashews Roasted & Salted 8 oz. tubs were distributed in New Jersey, New York, Pennsylvania and Connecticut. As per the recall statement, fewer than 225 units of this product were offered for retail sale. Maternity leave is a temporary period of absence from employment granted to expectant or new mothers during the months immediately before and after their pregnancy. Parental leave, including maternity, paternity and adoption leave, is an employee benefit. Many countries around the world, including...
comments powered by Disqus
Follow RTT