By Anthony O. Goriainoff
Cake Box Holdings PLC said Monday that pretax profit for fiscal 2022 rose as revenue increased 51%, and that sales in fiscal 2023 have remained robust against a strong comparative period.
The London-listed cake retailer said that for the year ended March 31 pretax profit was 7.7 million pounds ($9.5 million) compared with GBP4.2 million for fiscal 2021.
Revenue rose to GBP33 million from GBP21.9 million the year before. The company said this was due to a rise in store like-for-like sales and the addition of 31 new stores around the U.K.
The board declared a final dividend of 5.1 pence a share, taking the total for the year to 7.6 pence, up from 5.55 pence the year prior.
"The board remains mindful of an increasingly challenging economic and trading environment," the company said.
Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com
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