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Colefax pre-tax profit down

By BFN News | 07:10 AM | Tuesday 26 July, 2016

Colefax (CFX) said sales were broadly unchanged at £76.88m (2015: £76.8m). The company posted pre-tax profit of £5.02m (2015: £5.03m). HIGHLIGHTS: - Earnings per share of 32.2p (2015: 32.2p) - Strong operating cash flow of £7.2m (2015: £8.74m) - £0.3m of cash returned to shareholders via share buybacks (2015: £1.6m) - Net cash increased to £10.09m (2015: £6.86m) - Proposed increased final dividend of 2.4p per share, taking total for the year to 4.6p, a rise of 5% (2015: 4.4p) - Fabric division - sales flat but reduced by 3% on a constant currency basis - Prospects being affected by uncertainty over Brexit and the forthcoming US election Story provided by

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