The Hansard Global Plc Board has Declared an Interim Dividend of 1.8p per Share

DividendMax Ltd.

The Hansard Global Plc Board has Declared an Interim Dividend of 1.8p per Share

Taking into account the current financial position and future outlook, the Board has resolved to maintain its interim dividend at 1.8p per share (H1 2022: 1.8p per share).  This will be paid on 27 April 2023 with an ex-dividend date of 16 March 2023.

Other Financial Highlights: 

  • IFRS profit before tax was £3.1m for the period, up from £1.9m in H1 2022;
  • The current year result has improved as a result of reduced administrative expenses, improved interest rates and favourable foreign exchange movements.  The prior year result included non-recurring provisions of £0.8m related to a range of funds in liquidation;
  • Fees and commissions earned totalled £22.9m for H1 2023 compared to £25.2m for H1 2022, reflecting lower levels of new business in the current financial year;
  • Lower fees and commissions were mitigated by reduced administrative and other expenses which were £14.1m for H1 2023 compared to £15.4m in H1 2022;
  • Assets under administration were £1.10 billion as at 31 December 2022, largely unchanged from £1.09 billion as at 30 June 2022;
  • Value of in-force as at 31 December 2022 was £124.9m (30 June 2022: £128.5m);
  • The Board has declared an interim dividend of 1.8p per share (H1 2022: 1.8p);
  • Continued progress the launch of a new proposition in the Middle East to assist growing the business in that market and to develop distribution opportunities for Japanese proposition;
  • They remain on track to replace the policy administration systems to support the next generation of products and to realise future cost and efficiency gain

Companies mentioned