The Appreciate Group Plc Board has declared an interim dividend of 1.05p per share, in line with last year (H1 2018: 1.05p). The dividend will be paid on 6 April 2020 to shareholders on the register on 28 February 2020. Appreciate Group's dividend policy is linked to the cash they generate and business performance. Maintaining the dividend in a period of transformation reflects the Board's confidence in the strategic plan and the future financial benefits that it is expected to realise.
Other financial highlights include:
Billings increased by 10.3% to £120.2m (H1 2018: £109.0m)
Revenue increased by 21.3% to £33.2m (H1 2018: £27.4m)
Seasonal operating losses reduced to £2.0m (H1 2018: £2.3m)
Pre-tax losses reduced to £1.3m (H1 2018: £1.5m loss)
Cash balances, including cash held in trust, at 30 September 2019 of £211.8m (H1 2018: £212.4m)