Argentex Group Plc are to announce an interim dividend of 0.75p per share. The interim dividend will be payable on 13 November 2023 to shareholders on the register at 13 October 2023. The ex-dividend date will be 12 October 2023.
Other financial highlights include:
Group revenue increased by 28% to £25.0m (H122: £19.5m) with revenues from new products and geographies now representing 23% of revenues (H1 22 : 14%)
Operating profit increased by 16% to £5.2m (H122: £4.5m) and adjusted operating profit2 increased by 13% to £5.4m (H122: £4.8m)
Group EBITDA margins maintained at 29% with a modest decrease in operating margins to 21% (H1 22: 23%) as a result of planned investment
Earnings per share (EPS) of 2.8p basic and 3.1p adjusted (H1 22: 2.4p basic and 2.7p adjusted)
Continued strong cash generation funding investment in growth with £3m net increase in cash
