The Synetics Plc Directors recommend the payment of a final dividend of 2.0p per share (2021: 1.5p). Subject to shareholders' approval at the Company's forthcoming Annual General Meeting, this will be paid on 5 May 2023 to shareholders on the register as at the close of business on 11 April 2023. No interim dividend was paid during the year.
Other Financial Highlights:
- Revenue: £39.1 million (2021: £36.6 million)
- Continued turnaround of underlying operating profit to £1.2 million (2021: £(0.5) million)
- Underlying earnings per share: 6.9p (2021: (2.6)p)
- Net cash at 30 November 2022: £4.3 million (2021: £4.6 million) with no bank debt and undrawn bank facilities of £3.0 million
- Order book at 30 November 2022 solid at £24.4 million (2021: £23.6 million) with a strong pipeline of expected orders
- Strong gross margin performance in both operating divisions
