Home Business NewsBusinessBusiness Growth News Bunzl profits soar and reinstates dividends

Bunzl profits soar and reinstates dividends

by LLB Finance Reporter
24th Aug 20 2:30 pm

Bunzl have announced a strong first half of the year through sales of cleaning products and a large order of face masks by the Dutch government.

The distribution giant reported a rise in profits before income tax of 22.4% to £245.4m after seeing revenue of £4.8bn.

This year investors will be given a dividend of 15.8p for 2020, and Bunzl will pay the government back the furlough.

Chief executive Frank van Zanten said, “Despite the unprecedented challenges experienced as a result of the Covid-19 pandemic during the first half of the year, these results have once again demonstrated the strength of our customer proposition and supply chain and the resilience of our business model and consistent and proven strategy.

“Looking forward, although there remains considerable uncertainty, we expect to face challenging trading conditions during the second half of the year.”

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