Bunzl Posts Rise In Pretax Profit

Bunzl PLC BZLFY reported a 3% rise in its full-year pretax profit. Bunzl's profit before tax climbed to 299.8 million pounds ($461.1 million) in the year, while adjusted operating profit climbed 4% to GBP429.8 million. Basic EPS climbed to 64.5 pence per share from 63.5 pence per share, while adjusted EPS jumped to 86.2 pence from 82.4 pence. Its revenue rose 1% to GBP6.16 billion. Bunzl's board declared a dividend of 35.5 pence per share, a rise of 10% on the year. For 2014, Bunzl lifted its total dividend to 35.5 pence, versus 32.4 pence. Michael Roney, Chief Executive of Bunzl, said, "I am pleased to report that once again we have demonstrated the strength, resilience and reliability of our business model and strategy which together have delivered another excellent set of results at constant exchange rates." Roney added, "We are announcing two acquisitions today and with a promising pipeline we expect to complete further transactions as the year progresses. This acquisition activity, together with the ongoing development of the underlying business, should lead to further growth in 2015." Bunzl shares gained 1.32% to close at $29.88 on Friday.