Synectics PLC proposes a final dividend of 3p per share for FY23, a 50% increase from FY22 (2p for FY22). Subject to shareholders' approval at the Company's forthcoming Annual General Meeting to be held on 24 April 2024, management recommended a final dividend of 3.0p per share (2022: 2.0p) to be paid on 3 May 2024 to shareholders on the register as of the close of business on 12 April 2024 (the shares being marked ex-dividend on 11 April 2024). No interim dividend was paid during 2023 (2022: £nil).
Other financial highlights include:
Revenue increased 26% to £49.1 million (FY 2022: £39.1 million)
Substantial increase in underlying operating profit to £3.1 million (FY 2022: £1.2 million)
Underlying EBITDA increased to £4.8 million (FY 2022: £3.2 million)
Underlying earnings per share increased to 14.2p (FY 2022: 6.9p)
Net cash at 30 November 2023 of £4.6 million with no bank debt (30 November 2022: £4.3 million)
Strong order book on 30 November 2023 of £29.2 million (30 November 2022: £24.4 million)
Recommended final dividend increased by 50% to 3.0p per share (FY 2022: 2.0p)
