Bunzl plc (BNZL.L,BZLFY.PK) reported a 8% rise in its first-half pre-tax profit to 121.2 million pounds, from 112.1 million pounds last year. Half-yearly earnings per share were 26.3 pence, compared with 24.8 pence in the earlier year period.
Profit before tax, intangible amortisation and acquisition related costs and the loss on disposal of business was 151.7 million pounds, versus 138.8 million pounds in 2011, an increase of 10% at constant exchange rates; and first-half adjusted earnings per share on the same basis rose to 33.4 pence, from 30.9 pence a year ago.
Revenue for six months totaled 2.61 billion pounds, higher than the prior year's 2.44 billion pounds, and up 7% at constant exchange rates, driven by strong organic growth, particularly in North America and Rest of the World, together with the effect of acquisitions net of the disposal of the UK vending business in August last year.
Additionally, the board has decided to increase the interim dividend by 9% to 8.8 pence from 8.05 pence in 2011, and the shareholders would again be able to participate in the dividend reinvestment plan.
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by RTT Staff Writer
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