Inchcape plc (INCH.L) reported that its full year 2012 profit before tax increased to 251.5 million pounds from 203.4 million pounds last year. Profit to owners of the parent was 184.5 million pounds or 39.4 pence per share, compared to 142.2 million pounds or 30.5 pence per share prior year. Revenue increased to 6.09 billion pounds from 5.83 billion pounds last year. The Group achieved sales growth in all of the geographic segments, other than Europe which experienced a decline of 23.5% as trading conditions, particularly those in Greece, continued to be challenging.
Before exception item, pretax profit was 250.3 million pounds compared to 227.7 million pounds prior year. Adjusted profit per share was 39.1 pence, compared to 34.9 pence prior year.
The Board has decided to increase the dividend payout ratio from 30% to 40% at this year’s final dividend and recommended a final dividend of 10.5 pence per share giving a total dividend for the year of 14.5 pence per share.
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by RTT Staff Writer
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