Shoe Zone Plc Announces Audited Final Consolidated Financial Results for the Year Ended October 1, 2016; Proposes Final Dividend and Special Dividend, Payable on March 15, 2017
January 11, 2017 at 02:00 am EST
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Shoe Zone Plc announced audited final consolidated financial results for the year ended October 1, 2016. For the year, revenue was £159,834,000 against £166,819,000 for the same period of last year. Profit from operations was £10,386,000 against £10,282,000 for the same period of last year. Profit before taxation was £10,252,000 against £10,140,000 for the same period of last year. Profit attributable to equity holders of the parent was £8,451,000 compared to £8,101,000 for the same period of last year. Earnings per basic and diluted share were 16.90 pence against 16.20 pence for the same period of last year. Net cash flows from operating activities were £11,864,000 against £10,063,000 for the same period of last year. Purchase of property, plant and equipment was £3,195,000 against £1,879,000 for the same period of last year.
The Board of company proposed a final dividend of 6.8 pence per share against 6.5 pence per share for the same period last year, resulting in a total dividend for the year of 10.1 pence per share against 9.7 pence per share and a special dividend of 8.0 pence per share against 6.0 pence per share for the same period last year. The total distribution for the year of 18.1 pence per share against 15.7 pence per share for the same period last year, represents an increase of 15.3% over the previous year. The dividends will be paid to shareholders on the register on February 24, 2017, payable on March 15, 2017 if approved at the annual general meeting to be held on March 2, 2017. The shares will be ex-dividend on February 23, 2017.
Shoe Zone plc is a United Kingdom-based footwear retailer. The Company sells a range of footwear for the whole family from over 380 stores nationwide and its Website, shoezone.com, which offers free delivery and free returns to stores. Its new format stores stock approximately 600 styles per season. Its Digital shoehub platform offers the full store range plus approximately 1,500 online exclusive styles per season. It has approximately 323 stores, including 42 Big Box, 93 Hybrid and 188 Original. The Company sells a range of brands, including Skechers, Rieker, Kickers, Lilley & Skinner, Lotus, Wrangler and Heavenly Feet. The Company's distribution center is located in Leicester, England. Its distribution center handles approximately 800,000 pairs of shoes per week. Its United Kingdom distribution network is managed in-house with stock being distributed to stores. Its subsidiaries include Castle Acres Development Limited, Shoe Zone Retail Limited, Zone Property Limited and others.
Shoe Zone Plc Announces Audited Final Consolidated Financial Results for the Year Ended October 1, 2016; Proposes Final Dividend and Special Dividend, Payable on March 15, 2017