Multi retailer continues impressive growth
BIRKENHEAD-based multi retailer Park Group has enjoyed an 8.5% increase in profit to £11.9m in the year to March 31 (2015: £10.9m).
Billings increase 3.3% to £385m (2015: 372.90m) and earnings per share grew 13.3% to 5.28p.
The AIM-listed company’s proposed final dividend rose 18.8% to 1.90p per share (2015 – 1.60p), making a total dividend for the year of 2.75p per share (2015 – 2.40p per share).
Total cash balances peaked at £206m (2015 – £189m). Year-end cash balance was £28.8m (2015 – £23.2m) with a further £75.2m (2015 – £65.7m) held in trust.
Chief executive Chris Houghton told TheBusinessDesk: “We have had a good year, building on last year’s high growth.
“We had good growth in the Christmas savings part of the business and good underlying growth in the corporate side, with new products giving us better direction.”
He went on: “We continue to see the benefits of investment in our systems and products, while our customers on both the consumer and corporate sides of our business show a sustained and growing enthusiasm for our broad range of products and programmes.
“Park has evolved significantly since its beginnings. We are now utilising all available technologies in our business, enabling us to make rapid progress in our specialist markets.”
