Tuesday 2 September 2014 8:53 pm
Johnsons Dry Cleaners owner boosts dividend by a quarter
Textile group Johnson Service yesterday announced a 5.7 per cent rise in first-half revenue, at £101.6m improved from £96.1m in the same period last year. The group, which has businesses in workwear, textile rental and dry cleaning sectors, said its pre-tax profits of £6.4m were 45.5 per cent better than the previous year. Meanwhile, after adding the Bourne Service Group in March this year, Johnson Service has seen enhanced earnings and Textile Rental, its workwear rental business, is performing ahead of market expectations.
Chairman Paul Moody said: “I am very pleased with the strong performance of the group in the first half of the year and expect the result for 2014 to be slightly ahead of current market expectations.”
Certain of the group’s growth, the board has decided to increase the interim dividend by 25 per cent for shareholders.
“The significant increase in the interim dividend reflects the board’s confidence in the business going forward,” Moody added in a statement.