Morrisons toasts profit rise with special dividend

Updated: Apr 10, 2019

Morrisons on target with strong results. SUPR view:

  • Group LFL sales up 5%

  • Total revenue up 3%

  • Profit before tax up 10%

  • EPS up 8%

  • Further special dividend of 4p declared - full year total dividend up 25% to 12.6p 

  • Store impairments reversal £66m 

  • Wholesale partnership with McColl's proving successful - on target with £700m sales achieved  Introduced in store pick model into 23 stores

  • Third consecutive year of sales and profit growth.

  • Total dividend up over 150% over the three years

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Supermarket Income REIT plc is listed on the London Stock Exchange. SUPR acquires UK supermarket sites that form a key part of the future model of grocery in the United Kingdom. SUPR aims to provide long-term RPI-linked income, from institutional grade tenants and the potential for capital growth through active asset management. Atrato Capital is the Company's Investment Adviser.

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