Nichols (NICL.L) reported first half profit before tax of 11.8 million pounds compared to 11.2 million pounds, last year. Earnings per share was 24.28 pence compared to 23.29 pence. Adjusted profit before tax increased to 14.5 million pounds from 12.3 million pounds. Adjusted earnings per share was 29.86 pence compared to 25.68 pence. Group revenue declined to 84.0 million pounds from 85.5 million pounds, last year.
Nichols said it has begun trading in third quarter positively and in line with management expectations. The Board now expects to report full year adjusted profit before tax slightly ahead of current market expectations.
The Board has approved a special dividend of 54.8 pence per share equivalent to an aggregate distribution of 20 million pounds.
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