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30/08/2001
Hilton Group report 33 per cent rise in profits
The UK hotels and leisure company Hilton Group has reported a one thid rise in profits for the first six months of the year.
The company’s profits, which rose by 33 per cent to £144.3 million, improved despite the recent problems besetting the British tourist industry such as an economic slowdown and the outbreak of foot-and-mouth disease.
Hilton Group's chief executive David Michels said the results reflected an outstanding performance from its European betting operations and that there was a genuine case for optimism in the months ahead.
Hilton shares, which closed at 242p on Wednesday, have outperformed other UK sector peers by 12 per cent during the past twelve months.
Investors were further rewarded when the company announced a rise in its half-year dividend to 3.4p a share from 3.24p. (MB)
The company’s profits, which rose by 33 per cent to £144.3 million, improved despite the recent problems besetting the British tourist industry such as an economic slowdown and the outbreak of foot-and-mouth disease.
Hilton Group's chief executive David Michels said the results reflected an outstanding performance from its European betting operations and that there was a genuine case for optimism in the months ahead.
Hilton shares, which closed at 242p on Wednesday, have outperformed other UK sector peers by 12 per cent during the past twelve months.
Investors were further rewarded when the company announced a rise in its half-year dividend to 3.4p a share from 3.24p. (MB)
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Jefferson Smurfit Group report rise in sales
Jefferson Smurfit Group (JSG), the paper-based packaging group based in Dublin, have reported its interim pre-tax profit unchanged year-on-year at £116 million and EPS of 9.1 per cent.
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