The Craneware Plc Board has declared a dividend of 13.0p (16.51 cents) per ordinary share, payable on 15 April 2024 to those shareholders on the register as at 22 March 2024 (FY23 Interim dividend 12.5p). The ex-dividend date is 21 March 2024.
The interim dividend of 13.0p per share is capable of being paid in US dollars subject to a shareholder having registered to receive their dividend in US dollars under the Company's Dividend Currency Election, or who has registered to do so by the close of business on 22 March 2024. The exact amount to be paid will be calculated by reference to the exchange rate to be announced on 22 March 2024. The interim dividend referred to above in US dollars of 16.51 cents is given as an example only using the Balance Sheet date exchange rate of $1.27/£1 and may differ from that finally announced.
Other financial highlights include:
Revenues for the six months increased 8% to $91.2m (H1 FY23: $84.7m)
Adjusted EBITDA increased 8% to $27.5m (H1 FY23: $25.5m)
Adjusted profit before tax increased by 8% to $17.0m (H1 FY23: $15.7m)
Profit before tax increased by 13% to $5.9m (H1 FY23: $5.2m)
Adjusted Basic EPS increased by 4% to 42.8 cents per share (H1 FY23: 41.0 cents per share)
Annual Recurring Revenue of $171.4m increased by 3% (H1 FY23: $166.4m)
Cash conversion of EBITDA over last 12 months of 91% (H1 FY23: 77%)
Cash reserves of $63.9m (H1 FY23: $90.8m)
Total Bank Debt of $59.2m (H1 FY23: $107.9m)
