DS Smith (LON:SMDS) today announced a pre-tax profit of £201m up 1% from the previous year for the year ended 30 April 2016. The FTSE 250 Company also said that over the 12 month period revenue rose 6% to £4,066m compared to £3,820m the previous year.
Adjusted operating profits increased by 13% to £379m from £355m as adjusted earnings per share rose 12% to 27.0p from 24.3p a year earlier.
The Company has recommended a final dividend price of 8.8p alongside the interim dividend of 4.0p which gives a total dividend for the year of 12.8p per share. This constitutes a 12% growth from the previous year.
Miles Roberts, Group Chief Executive said:
“We are delighted to report another year of strong growth underpinned by ten per cent organic growth in our adjusted operating profit supplemented by six per cent from acquisitions. Strong financial discipline allows us again to deliver on all our priorities…
Looking ahead, while economic conditions remain uncertain, our innovation-led offering and the scale of our business means that we are confident about further growth and sustainable returns in the years ahead.”
DS Smith said it has proposed two further acquisitions following the success of its recent five acquisitions that are performing ahead of expectations. As part of it’s expansion the company seeks to buy UK-based Creo , a specialist point of sale display and Portuguese packaging company Gopaca that will increase the company’s position in the European market.
At 1:24PM BST DS Smith PLC traded at 412.37 + 25.47 (6.58%)