The Xpediator Plc Board is recommending a final dividend of 0.60 pence per share to be paid to shareholders on 1 July 2022. Taken with the first interim dividend of 0.50p per share, this takes the total dividend to 1.10p per share (2020: 1.5p per share). The proposed final dividend will be payable to shareholders on the register on 20 May 2022, with the ex-dividend date being 19 May 2022.
Other financial highlights include:
Substantial organic growth with Group revenue increasing 34% to a record £296.6m (2020: £221.2m)
o Freight Forwarding delivered revenue of £233.6m, an increase of 37%
o Warehouse & Logistics delivered revenue of £56.7m, an increase of 28%
o Transport Services delivered revenue of £6.3m, an increase of 10%
Adjusted profit before tax of £9.1m, up 25% (2020: £7.2m)
Reported profit before tax of £4.3m (2020: £3.9m)
Adjusted basic earnings per share of 3.68 pence (2020: 3.84 pence)
Basic earnings per share of 0.29 pence (2020: 1.46 pence)
Net cash generated from operating activities was £4.7m (2020: £14.1m)
Net debt position of £4.8m (2020: net cash of £6.8m)
