Marks And Spencer Group Plc’s H1FY20 Results

  • Nov 06, 2019 GMT
  • Team Kalkine
  • During the 26-weeks under consideration, the group’s revenue plummeted 2.1% to £4,860.9m from £4,966.9m in a year-ago period. Pre-tax profit, including adjusting items slumped 17.1% to £176.5m from £213m in H1FY19. However, excluding adjusted items, pre-tax profit climbed 51.5% to £153.5m from £101.3m in H1FY19.
  • Adjusted basic earnings per share declined 24.5% to 7.1p from 9.4p in H1FY19, and Basic earnings per share surged 74.3% to 6.1p on a YoY basis. However, the group's free cash flow before adjusting items plunged approximately 68.8% to £91.9m from £294.7m reported in the year-over period.
  • Also, the interim dividend per share slumped 40% on a YoY basis to 3.9p from 6.5p declared in the H1 FY19.

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