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Business Performance Review
Within the Transport & Distribution division, there will be a full
year of the new contracts with Tesco chilled, Britvic, AG Barr and
Tesco Ballymun.
Demand is strong at Stobart Biomass with ongoing wood waste
product growth.
Aer Arann flights started in March 2011 and we hope to build
these to over 100,000 passengers in the year ahead. Talks are
ongoing with other interested airlines at London Southend
Airport. In addition, revenue from the railway station should
start in the first half of the year.
Our Estates division will seek to add value to our property portfolio
and we have a number of opportunities at an early stage of
planning or development.
The Group has a new clear three to four year strategy which, if
achieved, should deliver significant returns to shareholders.
Dividends
As indicated at the interims, the Board proposes a final dividend
of 4p (2010: 4p) reflecting the normal one third/two thirds split
bringing the total dividend for the year to 6p (2010: 6p).
Conclusion
We look forward to a further exciting period of realising the
potential of our multi-modal strategy based on a strong core
business and adding some significant value enhancing operations.
Ben Whawell
, Chief Financial Officer
May 2011