Hansard Global Plc has declared an interim dividend of 1.8p per share

DividendMax Ltd.

Hansard Global Plc has declared an interim dividend of 1.8p per share

The Hansard Global Plc Board has resolved to maintain its interim dividend at 1.8p per share (H1 2023: 1.8p per share). This will be paid on 25 April 2024 with an ex-dividend date of 14 March 2024.

Other financial highlights include:

IFRS profit before tax was £4.1m for H1 2024, up 32% from £3.1m in H1 2023.

The current year result has improved as a result of increases in fee income and continuation of a higher interest rate environment, partially offset by increased investment in strategic initiatives to improve future performance.

Fees and commissions earned totalled £23.9m for H1 2024, up 4% compared to £22.9m for H1 2023 driven by higher fee income in Hansard International.

Investment and other income increased by £0.7m to £3.1m for H1 2024, up 29% from £2.4m in H1 2023 as improved returns on surplus cash were offset by lower foreign exchange gains. 

Administrative and other expenses were £14.7m for H1 2024 compared to £14.1m in H1 2023 as a result of increased investment in strategic initiatives.

New business for the Group for H1 2024 was £36.2m in PVNBP ("Present Value of New Business Premiums") terms (H1 2023: £43.4m). This reflects ongoing uncertainties in global economic conditions and a general hesitancy by clients to commit to long-term savings products.

Assets under administration were £1.11 billion as at 31 December 2023, largely unchanged from £1.10 billion as at 30 June 2023.

Value of in-force business as at 31 December 2023 was £120.1m (30 June 2023: £124.4m).

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