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Hilton Food Group H1 Adj. Pretax Profit Rises; Turnover Up 38.6% - Quick Facts

Hilton Food Group Plc (HFG.L) reported profit before tax of 24.0 million pounds for the 28 weeks to 12 July 2020 compared to 19.9 million pounds, previous year. Earnings per share was 22.1 pence compared to 17.2 pence. Adjusted profit before tax increased to 28.1 million pounds from 24.5 million pounds. Adjusted earnings per share was 25.6 pence compared to 22.5 pence.

First half revenue was 1.26 billion pounds compared to 912.1 million pounds, last year. Volume growth was 22.6% attributable to the Group's new Australian facility, UK and increased home consumption driven by Covid. Turnover increased by 38.6% and by 40.0% on a constant currency basis driven by higher volumes.

The Directors have approved the payment of an interim dividend of 7.0 pence per ordinary share. This interim dividend will be paid on 27 November 2020 to shareholders on the register at close of business on 30 October 2020.

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