Results for the Half Year to July 2014
NEXT has had a good first half, achieving sales and profits ahead of our original expectations. Total sales were 10.3% ahead of last year and profit before tax rose by 19.3%.
Financial highlights are as follows:
- Sales £1,850m, up 10.3%
- Profit before tax £324m, up 19.3%
- Earnings per share 173.3p, up 22%
- Net cash inflow £200m, before special dividends of £149m and share buybacks of £105m
- Ordinary dividends: interim 50p and anticipated full year total 150p, up 16.3%
Strong cash generation has enabled us to return £223m to shareholders through three special dividends, of which two were paid in the first half. A further £105m has been returned through share buybacks. This is in addition to ordinary dividends.