The Aeorema Communications Plc Board propose that a final dividend of 3 pence per share (2022: 2 pence) be paid to shareholders on 19 January 2024. The dividends are subject to approval by shareholders at the Annual General Meeting and have not been included as liabilities in these consolidated financial statements. The proposed dividends are payable to all shareholders on the Register of Members on 22 December 2023. The total estimated dividend to be paid is £286,140. The payment of this dividend will not have any tax consequences for the Group.
Other financial highlights include:
- Record operational and financial performance:
- Revenue up 66% to £20.2 million (2022: £12.2 million)
- Profit before tax up 25% to £1.0 million (2022: £0.8 million)
- Strong balance sheet maintained - current cash balance of £1.9 million
- Winner of multiple industry awards
- Investment in business instrumental in growth, retention of clients and increased scope of work
- Cheerful Twentyfirst - creative brand experience agency
- 100% client retention and average year-on-year increase in revenue of 47% across flagship clients
- Cheerful Twentyfirst Inc. - North American creative brand experience agency
- Key talent hires, including appointment of US President, André Shahrdar
- Most successful year to date and significant ground broken with new logo brands
- Eventful - events and incentives agency
- Year-on-year revenue growth of 140%
- Returned to profitability
- Cheerful Twentyfirst - creative brand experience agency
