The DX (Group) Plc Board recommenced dividend payments during the financial year, with an interim dividend of 0.5p per share, paid on 31 March 2023. It is now pleased to propose a final dividend of 1.0p per share (2022: nil). This takes the total dividend for the year to 1.5p per share in line with the Company's dividend policy (2022: nil).
The final dividend will be paid on 7 December 2023 to shareholders on the register on 17 November 2023, subject to shareholder approval at the forthcoming Annual General Meeting ("AGM") on 23 November 2023.
Other financial highlights include:
Revenue up 10%, driven by strong performances at both DX Freight and DX Express
Group operating margin up to 6.7% (2022: 5.8%); target remains 7.5% -10.0%
Capital investment of £10.9m (2022: £6.2m) in depot network expansion, parcel handling equipment, electric vehicles ("EVs") and IT
Net cash up 39% to £37.6m (2022: £27.0m)
Reported basic earnings per share up 63% to 3.9p (2022: 2.4p)
