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.

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