Speedy Hire PLC (SDY.L) announced annual results for the year ended 31 March 2010 posting loss attributable to equity holders of GBP 18.3 million or 4.37 pence per share, compared to loss of GBP 55.1 million or 29.57 pence per share last year. The company noted that the prior-year results were restated.
Pre-tax loss was GBP 22.8 million, narrower than GBP 71.1 million in the prior year.
Revenue declined to GBP 351.1 million from GBP 482.7 million a year ago.
Subsequent to the year end, the Board has recommended a final dividend of 0.2 pence per share which represents a total cash cost of approximately GBP 1 million. This gives a total dividend for the year of 0.4 pence per share. If approved by shareholders, the final dividend will be paid on 18 August 2010 to all shareholders on the register on 18 June 2010.
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