Craneware Plc has declared an interim dividend of 12.5p per share

DividendMax Ltd.

Craneware Plc has declared an interim dividend of 12.5p per share

The Craneware Plc Board has resolved to pay an increased interim dividend of 12.5p (16.88 cents) per ordinary share on 15 April 2022 to those shareholders on the register as at 25 March 2022 (FY21 Interim dividend 12p). The ex-dividend date is 24 March 2022. The interim dividend of 12.5p per share is capable of being paid in US dollars subject to a shareholder having registered to receive their dividend in US dollars under the Company's Dividend Currency Election, or who has registered to do so by the close of business on 25 March 2022. The exact amount to be paid will be calculated by reference to the exchange rate to be announced on 25 March 2022. The interim dividend referred to above in US dollars of 16.88 cents is given as an example only using the Balance Sheet date exchange rate of $1.35/£1 and may differ from that finally announced.

Other financial highlights include:

First interim update for the enlarged Group, following the acquisition of Sentry Data Systems Inc ("Sentry")

Revenue for the six months increased 111% to $80.2m (H1 2021: $38m)

Adjusted EBITDA increased 78% to $23.7m (H1 2021: $13.3m)

Adjusted profit before tax increased 68% to $17.1m (H1 2021: $10.2m)

Profit before tax decreased to $6.2m (H1 2021: $9.9m) after $8.9m of amortisation of acquired intangible assets (H1 2021: $0m) and exceptional costs of $1.9m (H1 2021: $0.3m)

Adjusted basic EPS increased 34% to 43.5 cents per share (H1 2021: 32.5 cents per share)

Annual Recurring Revenue reached a new record of approximately $165m (30 June 2021: $64.5m) 

Cash of $41.7m, excluding restricted cash of $9.3m (H1 2021: $50.7m)

Net debt of $72.9m after the acquisition of Sentry

Investment in R&D and innovation of $21.6m (H1 2021: $11.6m) of which $6.8m, being 31% has been capitalised (H1 2021: $4.5m, 39%)

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