Caffyns Share News (CFYN)

Caffyns PLC - Eastbourne, Sussex-based car dealership - Revenue rises 36% to GBP223.9 million in the year ended March 31 from GBP165.1 million the year before. Pretax profit more than doubles to GBP4.4 million from GBP1.4 million. Attributes this to "significantly" higher levels of car deliveries and buoyant trading in used cars. Proposes a final dividend of 15.0 pence per share, taking its total dividend to 22.5p per share. It paid no dividends in financial 2021. Remains confident in its future prospects.

"The outlook will depend on consumer confidence, but we carry forward a strong new car order book and have substantially strengthened our balance sheet," Chief Executive Simon Caffyn says.

Current stock price: 600.00 pence, up 9.1% on Friday

12-month change: up 50%

By Abby Amoakuh; abbyamoakuh@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.