Craneware PLC announce an interim dividend of 12.5p

DividendMax Ltd.

Craneware PLC announce an interim dividend of 12.5p

The Craneware Plc Board has declared a dividend of 12.5p (15.13 cents) per ordinary share, payable on 14 April 2023 to those shareholders on the register as at 24 March 2023 (FY22 Interim dividend 12.5p). The ex-dividend date is 23 March 2023.

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 24 March 2023. The exact amount to be paid will be calculated by reference to the exchange rate to be announced on 24 March 2023. The interim dividend referred to above in US dollars of 15.13 cents is given as an example only using the Balance Sheet date exchange rate of $1.21/£1 and may differ from that finally announced.

Other financial highlights include:

Revenues for the six months increased 6% to $84.7m (H1 FY22: $80.2m)

Adjusted EBITDA increased 8% to $25.5m (H1 FY22: $23.7m)

Adjusted profit before tax of $15.7m (H1 FY22: $17.1m)

Profit before tax of $5.2m (H1 FY22: $6.2m)

Adjusted Basic EPS of 41.0 cents per share (H1 FY22: 43.5 cents per share), reflecting the impact of increased interest rates

Annual Recurring Revenue of $166.4m, demonstrating the Group's continued high levels of contracted revenue visibility

Cash reserves of $38.6m (H1 FY22: $41.7m)

Total Bank Debt of $107.9m (H1 FY22: $114.6m)

Companies mentioned