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Severn Trent plc SVT is pleased with the recognition it has received for its continued strong performance in the eyes if its customers.in the period from the 1st October to the 6th February. Performance incentives will be more aligned to the things the customers care about most. and from the companiy’s point of view will provide the opportunity for it to receive further out performance payments in 2019/20
Barratt Developments plc BDEV is increasing its interim dividend by 11.65% after delivering a strong operational and financial performance for the half year to the 31st December. Revenue rose by 7.2%, profit before tax by 19.1% and basic earnings per share by 20.7%. Total forward sales as at the third February are up by 7.3%
Grainger plc GRI updates that its resilient growth strategy has delivered a strong performance during the first four months of the year to the end of January 3.7% Overall like-for-like rental growth of 3.7% has been achieved in the year to date. Residential sales for the period performed in line with the previous year and prices were robust.
Redrow plc RDW produced another record first half in the six months to the 31st December, with another 111m cash return promised to shareholders. Group revenue rose 9% to a first half record as did pre-tax profits up by 5%. Legal completions increased by 12%. During the run up to Christmas the market was subdued but sales over the last three weeks have bounced-back. Steve Morgan who founded Redrow nearl45 years ago is to step down as Chairman next month and will be replaced by John Tutte
Rio Tinto RT claims, after slashing its final dividend by 21% that at least its balance sheet is robust and that it enters 2017 in good shape. Basic earnings per share moved from 2015’s loss of 47.5 cents per share to a positive 256.9 cents. Consolidated sales revenue for the year fell by $1billion to $33.8billion.
Redrow RDW With a 50% increase in the interim dividend Redrow adds itself to the list of today’s companies proclaiming robust performances. Completions rose by 13% in the six months to 31st December and revenue up 23%, rose to record levels. The gap between the rise in completions and revenue appears to indicate there may have been a a good rise in average selling prices. Profit before tax, surged by 35% as did private orders which leaves the overall order book also standing at record levels.
Smurfitt Kappa Grp SKG is increasing its final dividend by 20% after producing a strong set of results for the year to 31st December. Profit before tax rose by 9% on revenue up by 1% and basic earnings per share by10%. EBITDA broke new records and was the strongest ever.
Dunelm DNLM increased market share in a challenging environment during the half year to 31st December when trading proved to be slightly softer than the company would have liked. Sales fell by 1.6%. profit before tax by 11.3% and EBITDA by 19.5%. But the important bit is that shareholders are kept happy with an 8.3% rise to 6.5p., in the interim dividend.
Grainger plc GRI reports a robust sales performance and even better, a robust pipeline. In fact the figures show that the total sales pipeline for full year 17 were exactly the same as for 2016. Completed sales did rise but only from £47m. to £49m. todays update for the 4 months to 31st January claims a good start to the year with 3.4% like for like rental growth for the year to date and 2.8% like for like rental growth on their PRS rental homes. Demand for rental homes continues to be strong and at the same time the company is on target to achieve its planned reduction in overheads.
Sophos Group SOPH produced a third quarter rise in billings of 16.1%, with strong momentum continuing. The Americas delivered growth of 20%. Cash generation for the quarter was strong with a rise of 28.4% in unlevered free cash flow, making a total increase over the first 9 months of 136.2% and expectations of the figure doubling by the year end.