The Prooactis Board announced in April 2019 that it had decided to suspend the payment of an annual dividend. Therefore, no final dividend is proposed (2018: 1.5p per ordinary share).
Other financial highlights include:
Reported revenues increased by 4% to £54.1m (2018: £52.2m)
Annualised recurring revenue ("ARR") maintained at £44.3m (2018: £44.5m)
Adjusted EBITDA of £15.1m (2018: £17.3m), in line with expectations
Impairment of £27.0m taken against US CGU as a result of the challenges in that market identified and announced during the Operational Review
Adjusted EPS 6.6p (2018: 10.6p)
Loss before tax £25.8m (2018: profit before tax £3.8m)
Net bank debt reduced to £36.5m (31 January 2019: £39.3m)
Net cash flow from operating activities £11.9m (2018: £8.4m)
