Halfords Group plc (HFD.L) Thursday reported lower preliminary profit for the full-year impacted by higher operating expenses.
For the period the company posted pre-tax profit of 71 million pounds, down from 94.1 million pounds last year. Profit after tax amounted to 52.7 million pounds, lower than 68.4 million pounds posted a year earlier.
Earnings per share for the period totaled 26.9 pence compared with 34 pence reported last year.
Excluding exceptional items, the company reported earnings per share of 27.5 pence compared with 33.5 pence posted last year.
Halfords clocked total revenue of 871.3 million pounds, up from 863.1 million pounds last year. Operating expenses however rose to 400 million pounds from 373.7 million pounds a year earlier.
The Board said it has recommended a final dividend of 9.1 pence per share, a reduction of 35 percent on the prior year. If approved, this is expected to be paid on August 2 to shareholders on the register at July 5.
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