19 April 2017 – trading update
The women’s clothing value retailer has announced a trading update covering the 53 week period to 1 April which has revealed a slight decline of 0.5% in full year revenues, despite a strong final quarter. As a result, the company expects its adjusted pre-tax profits for the year to be slightly over £6m which would give earnings per share of 9.5p. The dividend for the year is expected to be raised to 7.1p putting the shares on a very attractive dividend yield of over 8%. The group’s financial position remains sound and the shares remain ATTRACTIVE.