The Cohort Board is declaring an interim dividend increase of 10% to 3.85 pence per share (2020: 3.50 pence per share). This increase reflects the Board's confidence in the outlook for Cohort and its commitment to a progressive dividend policy. The dividend is payable on 14 February 2022 to shareholders on the register as of 7 January 2022.
Other financial highlights include:
Revenue up 10% to £60.0m (2020: £54.4m).
Order intake up 18% to £105.3m (2020: £89.2m).
Record closing order book of £285.8m (30 April 2021: £242.4m).
Adjusted operating profit down 60% to £1.7m (2020: £4.3m), due to weak performances at Chess and EID
Net funds of £6.1m (31 October 2020: net debt £6.1m; 30 April 2021: net funds £2.5m).
Adjusted earnings per share down 60% to 3.04 pence (2020: 7.74 pence).
