Filofax lifts interim dividend by 50%
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.FILOFAX, the maker of personal organisers that became a symbol of the 1980s, cheered investors yesterday with a 50 per cent interim dividend rise, writes John Murray.
The group, quoted on the Unlisted Securities Market, pushed profits before tax ahead by a third to pounds 1.3m in the six months to 30 September. Turnover was 34 per cent higher at pounds 8.3m, boosted pounds 375,000 by the purchase of Filofax distributors in Germany and Sweden.
Robin Field, chief executive, said he was delighted that the acquisitions had contributed quickly to the group's performance. It was also benefiting from organic growth of 20 per cent in Britain.
'Growth in this market, which probably has the highest personal organiser penetration in the world, augurs well for the potential of our product elsewhere,' he added.
Progress was strongest on the Continent despite the recession there. That applied both to the four countries where Filofax operated directly and those supplied through independent distributors.
The group would look for further acquisitions. 'There are two categories - distribution companies through which we can roll out our product and other stationery supplies that we can market through our existing network,' he said.
The jump in the interim dividend to 0.75p came despite slightly lower earnings per share of 4p (4.3p). The fall was caused by Filofax's return to paying tax, having exhausted its previous tax losses. The shares rose 1p to 159p.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments