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Ocean Finance Loans:
£106.28m
-2.00p ()
128.75p
Date: Thursday 18 Sep 2008
LONDON (ShareCast) - Press Gazette publisher Wilmington hammered out a 15% rise in full year profit as the group faces future trading with 'renewed confidence'.
The group, which confirmed it was no longer in takeover talks earlier this week, today said adjusted profit before tax rose to £17.6m for the year ended 30 June 2008 from £15.2m before. Revenue from continuing operations rose 14.7% to £93.4m.
Wilmington said that trading for the first two months of the current financial year is in line with company expectations. It added, excluding last year's acquisitions, on a like for like basis revenue and profits are ahead of the prior year.
Commenting on the group's results, chairman David Summers said, "While we remain alert to the current trading conditions across our markets and the general economic outlook, we believe the group has resilient assets and the resources... to continue delivering sustainable growth both organically and through acquisition."
Underlining the group's confidence in future trading, the total dividend for the year has been increased 16.7% to 7.0p.
| Currency | UK Pounds |
| Share Price | 128.75p ![]() |
| Change Today | -2.00p |
| 52 Week High | 212.50 |
| 52 Week Low | 126.75 |
| Volume | 0 |
| Shares Issued | 82.54m |
| Market Cap | £106.28m |
| Beta | 0.31 |
| RiskGrade | 178 |
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| Strong Buy | 2 |
| Buy | 2 |
| Neutral | 0 |
| Sell | 0 |
| Strong Sell | 0 |
| Total | 4 |

| Latest | Previous | |
|---|---|---|
| Final | Interim | |
| Ex-Div | 08-Oct-08 | 05-Mar-08 |
| Paid | 07-Nov-08 | 08-Apr-08 |
| Amount | 4.70p | 2.30p |
| Finance Director | R Basil Brookes |
| CEO | Charles Brady |
| Chair | David Summers |