Home » News and Views » Ian Pollard – Sharp profits fall at Card Factory

Ian Pollard – Sharp profits fall at Card Factory

Card Factory plc CARD seems undecided as to how to explain the impact of increased costs which it blames for a fairly large drop in profits whilst at the same promising another special dividend for shareholders of between 5-10p per share with the half year results. The problem is that apart from increased foreign exchange costs the other major impact on profits has been the cost of having to pay a living wage to staff. That really is very unfair. Think what other goodies the shareholders could have had but for that living wage problem. As it is the shareholders have had to make do with dividend increases measured in fractions of pence, the final dividend rising by 1.6%% and the total ordinary dividend up by a mere 2.2% per share unless you include the whacking special dividend of 15 pence per share paid on the 22nd December. Things are so good that there is likely to be another return of cash to shareholders at the next year end of between. 5 and 10p per share. Proof of how good things really are is shown by a fall of 12.3% in profit before tax and 11.3% in basic earnings per share, occasioned no doubt by the strong like for like sales growth both from the stores and online and the delivery of a strong program of cost mitigation.

Thus do some companies expose their management.

Eddie Stobart ESL saw a substantial fall in underlying profits for the year to 30th November. Profits were down by nearly a third from £37.8m to V24m despite a rise in revenue from £549m. to £623.9m and statutory earnings per share fell from 3.p per share to 1.2p A final dividend of 4.4p per share is proposed, making 5.8p per share for the full year. The new financial year has got off to  good start.

Plant Health Care PHC Claims exciting progress in the year to the end of December with external sales growth in the Rest of the World rising by 100% and sales of commercial products returning to strong growth with a rise of 21%. After two difficult years both the operating loss and loss before tax were halved.

Hydrogen Group HYDG plans to resume dividend payments with a final dividend of 0.8p for the year to 31st December which it describes as a transformational year.Net fee income for the year rose by 29% and underlying profit before tax of £0.8m was the same as the previous year.

Find beachfront villas & houses for sale in Greece;   http://www.hiddengreece.net


Leave a comment

I would like to receive Brand Communications updates and news...
Free Stock Updates & News
I agree to have my personal information transfered to MailChimp ( more information )
Join over 3.000 visitors who are receiving our newsletter and learn how to optimize your blog for search engines, find free traffic, and monetize your website.
We hate spam. Your email address will not be sold or shared with anyone else.