The Driver Group Directors propose a final dividend for 2023 of 0.75p per share (2022: 0.75p per share) in addition to the interim dividend paid in October 2023 of 0.75p per share (2022: 0.75p). This will be paid on 11 April 2024 to shareholders who are on the register of members at the close of business on 1 March 2024, with an ex-dividend date of 29 February 2024, subject to approval at the Group's Annual General Meeting.
Other financial highlights include:
Revenue decreased by 4% to £42.6m (2022: £45.1m) which is attributable to the restructured Middle East and Asia Pacific regions
Gross profit margin at 25% (2022: 21%), a £1.5m increase to £10.8m (2022: £9.3m)
Underlying operating profit increase year on year of £1.4m to £1m (2022: Loss (£0.4m)
Underlying operating profit before tax margin of 2% (2022: Loss (1%)
Profit before tax from continuing operations of £0.4m (2022: Loss (£2m)
Net cash increase year on year of £0.9m to £5.8m (2022: £4.9m)
