StockMarketWire.com - Clipper Logistics' group revenue increased by 17.2% to £340.1m in the year to the end of April.

Group EBIT rose by 21.8% to £17.9m and after-tax profits increased by 20.6% to £12.5m.

Earnings per share increased by 20.5% to 12.5p and cash generated from operations increased by 25.2% from £20.5m to £25.7m.

The group declared a dividend 7.2p per share - up 20.0%.

Executive chairman Steve Parkin said: "The Group is proud of its track record of consistently developing effective solutions to address the changing needs of retailers in today's continually evolving consumer landscape.

"Our latest set of full year results reflects the trust and confidence that our customers have in our ability to enable them to achieve their service proposition to their own customers, through the provision of relevant and cost-effective services.

"Clipper's strategy of driving organic growth and seeking targeted, complementary acquisitions continues to enhance shareholder value.

"As we move into our new financial year, we have a strong pipeline of new business opportunities, and we look forward to updating shareholders as these crystallise over the coming months.

"Clicklink, our Click and Collect solution owned jointly with John Lewis, now provides a multi-user platform which is gaining significant traction with other retailers.

"In addition, the recent acquisitions of Tesam and RepairTech broaden both our customer base and our suite of services, and will be immediately earnings-enhancing."




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