The Tracsis Board has declared an interim dividend of 1.0 pence per share which will be paid on 5 May 2023 to shareholders on the register at 21 April 2023.
A final dividend of 1.1 pence per share was paid in respect of the year ended 31 July 2022. The Board intends to pursue a sustainable and progressive dividend policy in the future, having regard to the development of the Group.
Other financial highlights include:
34% increase in revenue to £39.2m (H1 2022: £29.2m)
o 13% organic revenue growth
o 69% revenue growth in Rail Technology and Services Division including further growth in recurring software licence revenue and a strong performance in North America
o 11% revenue growth in Data, Analytics, Consultancy and Events Division
Adjusted EBITDA increased by 21% to £7.5m (H1 2022: £6.2m)
o Continuing to invest in integrating the Group's activities, technologies and operating model to accelerate future growth
76% increase in profit before tax to £2.3m (H1 2022: £1.3m)
Total cash balances of £17.0m with no debt (31 July 2022: £17.2m, 31 January 2022: £25.1m)
