Curtis Banks Group have declared that they are to maintain an interim dividend at 2.5p per share which, despite the challenging environment of the past 18 months, remains well covered by earnings, as well as improving cash held on balance sheet.
Other financial highlights:
Revenue increased by 29.4% to £31.7m (2020: £24.5m), through acquisitive and organic growth
Fee income from pension administration has increased 9.3% from £18.0m to £19.7m on a like-for-like basis; total fee income of £22.3m including Talbot and Muir represents a total increase of 23.7%
Adjusted profit before tax 6 remained at £6.3m (2020: £6.3m)
Adjusted operating margin 6 of 21.3% (2020: 26.4%), largely reflecting reduced reliance on interest income
Statutory profit before tax increased by 13% to £4.5m (2020: £4.0m)
Adjusted diluted EPS6 7.6p (2020: 9.2p5)
Statutory diluted EPS 5.5p (2020: 5.3p)
