NCC Group announce an unchanged interim dividend of 1.50

DividendMax Ltd.

NCC Group announce an unchanged interim dividend of 1.50

NCC Group announce an unchanged interim dividend of 1.50p (H1 2022: 1.50p) per ordinary share declared, as the Board prioritises investment in the new strategy

 

Other financial highlights include:

 

•Group revenue grew +10.2% at constant currency 1 (+17.7% actual rates), driven by North America and UK & APAC Assurance

 

•Group gross margin (%) decreased -1.5% pts due to a decline in Assurance of -2.1% pts due to lower utilisation and the reinstatement of NCC Conferences that gave rise to a direct and indirect cost

 

•Group operating profit and profit before taxation increased by +27.7% and +22.6% respectively

 

•The Group remains prudently leveraged at 1.0x, with net debt excluding lease liabilities of £54.8m following cash conversion of 91.0% (H1 2022: 74.7%)

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