The Eleco PLC Board has decided to declare a dividend of 0.2 pence (2020: nil pence), which would be covered 10.8 times by unaudited earnings for the period of 2.2 pence per share.
The interim dividend will be made on 22 October 2021 to shareholders on the register at the close of business on 24 September 2021 and the ex-dividend date will be 23 September 2021.
Other financial highlights include:
Revenue up 13 per cent to £13,831,000 (2020 H1: £12,215,000); up 12 per cent at constant currencies
Recurring revenues increased 8% to £7,543,000 (2020 H1: £6,953,000) (includes maintenance, support, subscription and SaaS revenue)
Adjusted EBITDA up 11 per cent to £3,649,000 (2020 H1: £3,283,000)
Operating profit up 14 per cent to £2,366,000 (2020 H1: £2,071,000)
Adjusted operating profit up 15 per cent to £2,730,000 (2020 H1: £2,366,000)
Profit before tax up 17 per cent to £2,260,000 (2020 H1: £1,930,000)
Basic earnings per share up 16 per cent to 2.2p (2020 H1: 1.9p)
Adjusted earnings per share up 20 per cent to 2.6p (2020 H1: 2.2p)
Free cash flow down 23 per cent to £2,855,000 (2020 H1: £3,711,000)
Cashflow conversion 105 per cent (2020 H1: 157 per cent)
Net cash £8,478,000 (2020 H1: £4,435,000)
