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Hilton Food Group FY Adj. Pretax Profit Rises; Turnover Up 50.0%

Hilton Food Group plc (HFG.L) reported profit before tax of 54.0 million pounds for the 53 weeks ended 3 January 2021 compared to 43.2 million pounds for the 52 weeks to 29 December 2019. Earnings per share was 47.9 pence compared to 40.1 pence. Adjusted profit before tax increased to 61.1 million pounds from 49.7 million pounds. Adjusted earnings per share was 54.7 pence compared to 45.5 pence.

For the 53 weeks to 3 January 2021, revenue increased to 2.77 billion pounds from 1.81 billion pounds for the 52 weeks to 29 December 2019. Revenue increased 52.9% and by 50.0% on a 52 week constant currency basis. Volume growth was 23.8% on a 52 week basis within which Australia grew 107.9% and Europe grew 8.5%.

With the proposed final dividend of 19.0 pence per ordinary share, total dividends in respect of 2020 will be 26.0 pence per ordinary share, an increase of 21.5%.

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