Debenhams to restart the dividend
After cutting its debt strongly in recent years, Debenhams has stated that he resume pay-outs to shareholders at its results semi-annual next April, "subject to satisfactory business and economic conditions".
Finally, chain announced payment of dividends to its results throughout the year, in October 2008.Even then, pay output was half of the amount of the year précédente.Elle ceased to pay any dividends at all after that to ensure that "lever is removed from the agenda.
Controversial Debenhams returned on the stock exchange in 2006 cope with £ 1 United debt after being in possession of capital privés.Il said yesterday that the debt was reduced to £ 516.8 m in the year to August 28 to £ 73.5 m the previous year.
"Net debt is reached considerably over the past few years," said Rob Templeman, Chief Executive of the Debenhams.
In the year at the end of the month of August, profit before tax has risen to £ 139.9 £ 120 m. 8 m in the previous year.
Mr. Templeman stated that 2010 has been a "year of structural change" for the retailer because of its strategy to the sale of third-party to sell products label products own highest margin .Like-for-like sales for the year to August 28 were flat but gross margin increased from 70 basis points above the advice provided at the beginning of the year.
Mr. Templeman said Debenhams has found success on the growth of profits instead of sales: "we now delivered five halves consecutive growth in profits despite the difficult environment."
Debenhams said he is "concerned" retail environment, but has been encouraged by the recent commerciaux.M.Templeman said: "we are not going to obtain assistance from the economy so that we have support in our armoury".
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