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Hays Plc Fiscal Year Profit Rises; Turnover Up 12% On LFL Basis - Quick Facts

Hays PLC (HAS.L) reported profit before tax of 173.0 million pounds for the year ended 30 June 2016 compared to 156.1 million pounds, previous year. Profit from continuing operations after tax increased to 121.1 million pounds from 105.4 million pounds. Earnings per share from continuing operations was 8.37 pence compared to 7.31 pence.

Fiscal year turnover from continuing operations increased to 4.23 billion pounds from 3.84 billion pounds, previous year. Turnover for the year to 30 June 2016 was up 10% or up 12% on a like-for-like basis, and net fees increased by 6%, or up 7% on a like-for-like basis.

The Board of Hays proposed to increase the final core dividend by 5% to 1.99 pence, resulting in an increase to the full year dividend to 2.90 pence, also up 5% on prior year. The final dividend will be paid, subject to shareholder approval, on 11 November 2016 to shareholders on the register on 14 October 2016.

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