The final dividend for 2021 of £2.3 million was paid in June 2022 (2021: £1.6 million paid in June 2021).
The Board has proposed a final dividend for 2022 of 5.0 pence per share (2021: 5.0 pence per share). The dividend is subject to approval by shareholders at the next Annual General Meeting and the expected cost of £2.3 million has not been included as a liability as at 31 December 2022.
Other Financial Highlights:
- Group revenue increased to £86.3 million (2021: £81.2 million)
- Adjusted operating profit increased to £17.6 million (2021: £16.3 million)
- Adjusted basic earnings per share increased to 29.4 pence (2021: 28.5 pence)
- Year-end cash of £43.6 million and net funds of £29.5 million (2021: £34.3 million and £19.0 million, respectively) with undrawn credit facility of £25.0 million
- Acquisition of TP Group plc completed post year-end, funded from organic operating cash flow
