logo
Plus   Neg
Share
Email

DS Smith FY Pretax Profit Rises; Revenue Up 12% - Quick Facts

Smith (DS) plc (SMDS.L) said the Group performed strongly in 2018/19, with good organic volume and revenue growth, reflecting the recovery of input costs in box prices and growth from acquisitions. The Group said it continues to perform well against the targets that the Board has set for its financial key performance indicators, as well as being confident that it will achieve all of its medium-term financial measures.

For the year ended 30 April 2019, profit before tax was higher at 350 million pounds compared to 260 million pounds, prior year. Earnings per share from continuing operations was 19.7 pence compared to 21.1 pence. Earnings per share for continuing operations decreased by 8 percent reflecting the benefit of profit growth offset by the increase in number of shares in issue.

Adjusted operating profit rose by 28 percent on a reported basis to 631 million pounds. Growth on a constant currency basis was also 28 percent. Adjusted profit before tax was 569 million pounds compared to 435 million pounds, previous year. Adjusted earnings per share from continuing operations increased to 33.2 pence from 30.5 pence.

Fiscal year Group revenue increased to 6.17 billion pounds from 5.52 billion pounds, a year ago, a growth of 12 percent on a reported basis, reflecting volume and sales price growth and the impact of acquisitions partly offset by a negative currency translation effect.

For the year 2018/19, the Board recommended a final dividend of 11.0 pence per share, which will be paid to all shares on the record date. This, combined with the interim dividend of 5.2 pence, makes a total dividend for the year of 16.2 pence.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The CEO of German engineering giant Siemens AG criticized U.S. President Donald Trump as becoming the "face of racism and exclusion" following his alleged racist comments targeting four progressive Democratic Congresswomen recently. "It depresses me that the most important political office of the world will be the face of racism and exclusion," Joe Kaeser said in a Twitter post in German. Volvo Cars issued a recall for 507,000 vehicles worldwide, citing a risk of fire due to a faulty engine component. The Swedish automaker reportedly said it has received reports of a small number of cars catching fire, but no one has been injured. The recall could affect certain vehicles produced during the period from 2014 to 2019 and having two-liter, four-cylinder diesel engines. Auction house Sotheby's said on the 50th anniversary of the Apollo 11 lunar landing, it has auctioned the three original videotape recordings depicting the event for $1.82 million in New York. The price is more than 8,000 times the price paid for the tapes by then-NASA intern Gary George at a government surplus auction in 1976. Apollo 11 was the spaceflight that first landed humans on the moon.
Follow RTT