Likewise declares maiden dividend

Flooring wholesaler Likewise is to reward shareholders with its first dividend.

The group is to return £484,000 to shareholders after cutting pre-tax losses from £3.27m to £245,423 as turnover increased by 27.8% to £60.49m in the year to 31 December 2021.

Adjusted profit was £1.59m, compared with a loss of £1.52m in 2020.

Gross margin rose from 26.1% to 30%.

Shareholders will receive 0.2p per share.

‘Likewise has achieved a good start to the year with a continuation of the positive sales trend and whilst being aware of inflationary pressures and general consumer sentiment, is currently on target to achieve its objectives for the year,’ says Tony Brewer, Likewise ceo.

‘We would like to thank all of our suppliers and customers for their support and our management and staff for their huge contribution to the business since 2018 which has seen a massive change from the formative period. Likewise is extremely optimistic with regards to the medium and long term given the business and strong foundations that have been established to date.’

LikewiseRadial Park Bham

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