Debenhams maintains its 2015 interim dividend at 1p

DividendMax Ltd.

Debenhams maintains its 2015 interim dividend at 1p

Gross transaction value ("GTV") up 2.3% to £1,602.4m

Group like-for-like sales up 1.3%

Group gross margin rate maintained, with savings in markdown offset by price investment and sales mix

Profit before tax up 4.3% at £88.9m (2014: £85.2m)

Reported EPS up 5.4% to 5.9p (2014: 5.6p)

Interim dividend of 1.0p per share maintained

Stock value reduced by 5.6% to £335.4m (2014: £355.4m), with terminal stock of 2.9% in line with long-term average

Net debt reduced by £64.2m to £297.3m due to strong operational cashflows and some timing benefits

New Season Spectacular brought forward into H1 to align with payday cycle, enhancing LFL sales by c1% and profits before tax by c£3m but diluting gross margin rate by c10bps for the period

Companies mentioned