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.