Greencore Group plc (GNC.L) reported that its fiscal 2023 profit before taxation increased to 45.2 million pounds from 39.8 million pounds, last year, driven by higher operating profit and lower exceptional items offset by higher finance costs. Earnings per share was 7.2 pence compared to 6.1 pence. Adjusted profit before tax was 58.1 million pounds compared to 59.8 million pounds, previous year. The Group said the decrease was primarily driven by a higher effective tax rate. Adjusted earnings per share was 9.3 pence compared to 9.2 pence.

Fiscal 2023 reported revenue was 1.91 billion pounds, an increase of 10.0%, due to increased volume in the financial year including new business wins, as well as recovery of inflation. Pro forma revenue increased by 13.5%.

There are no dividends proposed to be paid.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.

For comments and feedback contact: [email protected]

Business News

Original: RTT – Earnings: Greencore Group FY Adj. Pretax Profit Slightly Declines; Pro Forma Revenue Up 13.5%