Accuracy Coverage Pricing Help Centre Contact

Prime People announce a maintained interim dividend of 1.80p

Investment Tools Ltd.
Prime People announce a maintained interim dividend of 1.80p

The Prime People Board will be declaring an interim dividend of 1.80p per share (2019: 1.80p) payable on 6 December 2019 to those shareholders on the register on 22 November 2019.

Other financial highlights include:

Group revenue of £13.17m was 4.72% higher than the same period last year (H1 2019: £12.57m).

Group Net Fee Income ("NFI") was £8.80m (H1 2019: £7.99m). Their overseas business showed strong performance, with NFI for Asia increasing to £4.83m (H1 2019: £3.87m) and contributing 57.90% of Group permanent NFI (H1 2019: 52.16%). NFI recorded during the period by our Hong Kong subsidiary, Command Recruitment Group (HK) Ltd ("CMD"), was £2.28m (H1 2019: £1.68m), detailed in Note 3(a) within the NFI for the Group's Asia regional performance. NFI for the UK business was £3.71m (H1 2019: £3.86m) and Rest of World was £0.26m (H1 2019: £0.27m).

Contract NFI represented 5.17% of Group NFI against 7.21% in H1 2019.

Administrative costs for the Group were £7.07m (H1 2019: £6.40m) during the period which included planned expenditure for enhancing technology to drive efficiencies across our business, greater advertising spend, and higher professional costs associated with their continued focus on organic growth.

In the UK, profit before tax was £0.48m against £0.62m in H1 2019. Our Asia business, which covers the Group activities in Hong Kong and Singapore, generated a profit before tax before adjustment for minority interest of £1.24m for the period (H1 2019: £0.95m), of which £0.84m related to CMD (H1 2019: £0.58m).

Our newly established business in Germany, disclosed under Rest of the World, reported a small profit and is indicating good opportunities for growth.

The charge for Group taxation of £0.31m (H1 2019: £0.10m) is based on the expected annual effective tax rate of 19% in UK (H1 2019: 19%), 16.5% in Hong Kong (H1 2019: 16.50%), and 17% in Singapore (H1 2019: 17%).

Basic earnings per share for the period were 9.33p (H1 2019: 10.95p).

Companies mentioned

Latest News

Investment Tools Limited
Investment Tools Limited

The AstraZeneca Board has recommended an unchanged first interim dividend of $0.90 (69.6 pence, 7.87 SEK) per Ordinary Share.

Read more
Investment Tools Limited

The Schroders group continues to maintain a strong capital position. Accordingly, and reflecting resilient performance, the Board has declared an unchanged interim dividend of 35.0 pence per share (H1 2019: 35.0 pence per share). The dividend will be paid on 24 September 2020 to shareholders on the register at 21 August 2020.

Read more
Investment Tools Limited

Funds under management (FUM) down 8% to $108.3 billion (31 December 2019: $117.7 billion)

Read more
Investment Tools Limited

The BAE directors have declared an interim dividend of 13.8p per share in respect of the year ended 31 December 2019, payable in September, being the value of the dividend proposed but subsequently deferred earlier in the year.

Read more
Investment Tools Limited

As announced on 14 April 2020, as a precautionary measure due to the COVID-19 pandemic, the Board decided to postpone payment of its 2019 final dividend of 39.2 pence per share. Based on the Board's current knowledge, the robust liquidity position, the strong H1 performance and expected full year performance relative to the COVID-19 scenario modelling undertaken, an additional interim dividend equivalent to the postponed full year 2019 dividend of 39.2 pence per share will now be paid on 18 September 2020 to shareholders on the register at 28 August 2020.

Read more
Investment Tools Limited

A key tenet of FDM's relationship with shareholders is the payment of sustainable dividends at an attractive level. After careful thought, the Board decided against proposing a 2019 final dividend to the Annual General Meeting (originally intended to be set at 18.5 pence per share). At the time, the COVID-19 situation was new, uncertain and difficult to assess. Since then the business has performed at an encouraging level, cash collection has been consistent and cash conversion robust. 

Read more
Investment Tools Limited

Smith & Nephew announce an interim dividend is 14.4¢ per share (28.8¢ per ADS), in line with 2019. This equates to 11.2p per share at prevailing exchange rates as of 27 July 2020. The interim dividend will be paid on 28 October 2020 to shareholders on the register at the close of business on 2 October 2020.

Read more
Investment Tools Limited

The Rathbone Brothers Board are maintaining their interim dividend at 25p (30 June 2020: 25p). This reflects confidence in their medium-term prospects and the strength of their balance sheet. The record date will be 4 September 2020 and the dividend will be paid on 6 October 2020.

Read more
Investment Tools Limited

In June the Brunner board declared a first quarterly dividend of 4.67p per ordinary share which was paid on 23 July 2020, a marginal increase on the payment made in the first quarter in the previous year.  The board has now declared a second quarterly dividend of 4.67p per ordinary share payable on 16 September 2020 to holders on the register of members at the close of business on 7 August 2020. A Dividend Reinvestment Plan (DRIP) is available for this dividend and the relevant election date is 21 August 2020.

Read more
More News