Greggs PLC (GRG.L) reported that its full year 2012 pre-tax profit including exceptional items was 53.3 million pounds, compared to 60.5 million pounds last year. Pre-tax profit before exceptional items was 51.9 million pounds, compared to 53.1 million pounds prior year, a 2.2 percent reduction.
Profit for the financial year attributable to equity holders of the parent was 40.57 million pounds, compared to 44.50 million pounds prior year. Earnings per share including exceptional items were 40.1 pence compared to 44.3 pence prior year. Profit per share before exceptional items were 39.0 pence compared to 38.8 pence, an increase of 0.5 percent reflecting the lower effective tax rate in the year.
Total Group sales were 735 million pounds, compared to 701 million pounds prior year, an increase of 4.8 percent. Like-for-like sales were down by 2.7 percent.
The Board recommended a final dividend of 13.5 pence per share. This makes a total for the year of 19.5 pence, an increase of 1.0 percent. The final dividend will be paid on 24 May 2013 to shareholders on the register on 26 April 2013.
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