Diageo PLC (DEO: Quote) reported its preliminary results for the year ended 30 June 2012. Net sales increased to 10.76 billion pounds from 9.94 billion pounds last year. Profit before taxation was 3.12 billion pounds compared to 2.36 billion pounds prior year. Profit to equity shareholders of the parent company was 1.94 billion pounds compared to 1.90 billion pounds prior year.
Earnings per share from continuing operations increased to 77.8 pence from 76.0 pence prior year. Net earnings per share was 77.4 pence for the period. Eps pre-exceptional items increased 13% to 94.2 pence per share.
The company announced its directors recommend a final dividend of 26.9 pence per share, an increase of 8% from the year ended 30 June 2011. The full dividend will therefore be 43.5 pence per share, an increase of 8% from the year ended 30 June 2011. Subject to approval by shareholders, the final dividend will be paid on 22 October 2012 to shareholders on the register on 7 September 2012. Payment to US ADR holders will be made on 26 October 2012.
Paul Walsh, Chief Executive, commenting on the year ended 30 June 2012, said: "6% organic top line growth, 9% operating profit growth and 60 basis points of margin expansion is a strong performance and demonstrates our commitment to delivering efficient growth. A year ago I set out our expectations for the medium term and these results put us firmly on track to meet those goals. Our confidence in the achievement of our medium term guidance is underscored by the 8% recommended increase in our final dividend."
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by RTT Staff Writer
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