Jimmy Choo CHOO With profit before tax for the half year to 30th June rising by 174.2% to £18.1m, Jimmy Choo is delighted with itself both for its performance and for the excellent strategic progress made by its management. Revenue growth was ahead of the market at 16.5%, or 4.5% on a constant currency basis. Like for like retail sales rose by 3.5% across all regions. Earnings per share were up by 140% and EBIT by 24.5%. Its platform is also exciting it with its two iconic brands aiming to achieve global leadership in luxury retail.
Ladbroke Coral LCL Group revenue in the half year to the 30th June rose by 1%, EBITDA was flat, basic earnings per hare halved from 2p to 1p and reported profit after tax was slightly down. In celebration of these mundane statistics which Ladbroke claims represent good operational and financial progress the interim dividend is being doubled from 1p to 2p per share. The second half is being looked forward to with confidence and will produce £45m of synergies which by 2019 are expected to be more than double the original estimate of £150m
Hays plc HAS is celebrating a milestone year which saw it produce record levels of fees and profits enabling shareholders to be rewarded with payment of a special dividend of 4.25p per share plus an 11% increase in the ‘core’ dividend. The total dividend payout for the year to 30th June has more than doubled from £41.7m for 2016 to this years £108m. Profit before tax rose by 18% and basic earnings per share by 14%
Churchill China CHH has maintained its record of improved performance over several years and is increasing its interim dividend for the six months to the 30th June, by 17% after a rise of 30% in profit before tax. Basic earnings per share rose by 32%. Further improvements are continuing into the all important second half.
Restaurant Group RTN is maintaining its interim divided for the half year to the 2nd Jule and current trading is in line with expectations. Half year like for like sales were down 2.2% and on a statutory basis total sales fell by 7.1%. Adjusted earnings per share were down from 14.3p to 10p and profit before tax fell from £36.6m to £25.5m