Driver Group PLC (AIM: DRV), the global professional services consultancy to construction and engineering industries, is to announce the dividend for the full year and its results for the financial year ended 30 September 2022.
The final dividend for the full year of 0.75 pence per share will be paid on 13 April 2023 to shareholders who are on the register of members at the close of business on 3 March 2023, with an ex-dividend date of 2 March 2023 subject to approval at the forthcoming AGM.
Other financial highlights include:
Revenue decreased by 4% to £46.9m (2021: £48.8m)
Underlying loss before tax of £1.0m (2021: profit £2.0m)
Net cash of £4.9m (2021: £6.5m)
Utilisation of 67.5% (2021: 72.4%)
Q1 revenue increased by 5% to £11.8m
Operating profit of £0.25m
Net cash of £4.7m as at 31 January 2023
Utilisation increased to 70% (2022: 67.5%)
Overhead reduction implemented, with further savings in progress
The Board expects to return to profitability for FY23
