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Hilton Food H1 Adj. Operating Profit Rises - Quick Facts

Hilton Food Group plc (HFG.L) said it delivered both volume and profit growth for the first half period. Revenue rose by 35.3% underpinned by volume growth of 10.5%. The Group said this was attributable principally to Australia following the JV transition which was completed in July 2020 and in Brisbane where the company is operating at higher volume levels.

For the 28 weeks to 18 July 2021, profit before income tax declined to 21.65 million pounds from 24.04 million pounds, prior year. Earnings per share was 19.3 pence compared to 22.1 pence. Adjusted operating profit was up 21.6% to 39.0 million pounds.
Adjusted earnings per share increased to 31.9 pence from 25.6 pence.

Revenue from continuing operations increased to 1.71 billion pounds from 1.26 billion pounds, last year.

The Board has approved the payment of an interim dividend of 8.2 pence per ordinary share. The interim dividend will be paid on 3 December 2021 to shareholders on the register at close of business on 5 November 2021.

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