Post year end the Eckoh Directors are recommending that a final dividend for the year ended 31 March 2021 of 0.61 pence per ordinary share be paid to the Shareholders whose names appear on the register at the close of business on 24 September 2021, with payment on 22 October 2021. The ex-dividend date will be 23 September 2021. This recommendation will be put to the Shareholders at the Annual General Meeting. Based on the shares in issue at the year end, this payment would amount to £1.6m.
Other financial highlights include:
Results in-line with market expectations
Revenue down 8% overall due to the pandemic, 7% at constant currency
Adjusted operating profit in-line with prior year at £4.7m despite the pandemic, the planned exit from US Support and currency headwinds, and 13% higher excluding the FY20 Coral contract
Profit before taxation increased by 6% to £3.5m (FY20 £3.3m)
US Secure Payments' revenue increased significantly by 57% to $12.8m (FY20: $8.1m)
UK revenue down 12%, with multiple lockdowns impacting some repeatable transactional revenues
Recurring revenue 71% (FY20: 75%), impacted by the decline in UK transactional revenue
Continued strong cash position and robust balance sheet: net cash £11.7m (FY20: £11.6m)
