The Board of Directors of Simonds Farsons Cisk plc has resolved to recommend for the approval of the Annual General Meeting the distribution, out of tax exempt profits, of a final net dividend of €2,000,000, that is €0.0666 per ordinary share of €0.30, to be paid by not later than 26th June 2015. The Board of Directors has established 27th May 2015 as the Effective Date on which all shareholders, then on the register of members, shall be entitled to receive dividend.

The company reported audited consolidated and company earnings results for the year ended 31 January 2015. On consolidated basis, revenue was €79,206,000 compared to €78,337,000 a year ago. Operating profit was €9,695,000 compared to €8,417,000 a year ago. Profit before tax was €8,235,000 compared to €6,875,000 a year ago. Profit for the year from continuing operations was €13,457,000 compared to €6,512,000 a year ago. Profit for the year was €8,009,000 compared to €6,325,000 a year ago. Earnings per share for profit during the year were €0.27 compared to €0.21 a year ago. Net cash generated from operating activities was €15,643,000 compared to €11,108,000 a year ago. EBITDA for the year amounted to €15.9 million compared to €14.2 million last year. The factors impacted the results for the year in a positive manner are further growth in the local economy, record tourists arrivals and expenditure, a positive performance of key, beverage brands, new product launches, overhead cost containment and significant reductions in raw material prices.

On company basis, revenue was €44,189,000 compared to €43,247,000 a year ago. Operating profit was €8,290,000 compared to €6,783,000 a year ago. Profit before tax was €6,955,000 compared to €5,479,000 a year ago. Profit for the year from continuing operations was €12,620,000 compared to €5,479,000 a year ago. Profit for the year was €5,580,000 compared to €5,479,000 a year ago. Net cash generated from operating activities was €12,442,000 compared to €10,484,000 a year ago.

The development of the new €27 million beer packaging facility is progressing on schedule and is planned to be completed by April 2016. The completion of this investment shall strengthen the group further and enable it to penetrate the targeted overseas markets more aggressively. Furthermore, the franchised food business shall expand further through the opening of two new restaurants by the end of the current financial year.