Domestic & General revenue up 10%
Highlights include:
Record financial results for the year with:
? Revenue up 10.0% to £304.6m;
? Operating profit before investment return up 11.3% to £23.6m;
? Basic earnings per share up 4.0% to 70.4p.
Good performance in UK warranty business as initiatives start to deliver results.
Doubling of international warranty revenue.
Strong net investment return of £12.9m, with equity gains of £3.0m compared to exceptional returns of £5.1m last year.
Final dividend of 25.50p per share - total for year increased by 12.3% to 36.50p.
Nicholas Rochez, chairman, commented: “The Board is pleased to report another record set of results, with revenue up to over £300m, and profit before tax up to £36.5m.”
Rochez added: “We have seen impressive growth of our European markets over the past two years and this, coupled with our recent entry into the Australian market, provides a tangible base for our international warranty business. The international business is now operating in seven countries with a further three countries expected to go live within the next few months.”
