The Calnex Solutions Plc directors have announce a final dividend will be proposed for approval at the Annual General Meeting in August 2024 and, if approved, will be paid on 30 August 2024 to all shareholders on the register as at close of business on 26 July 2024, the record date. The ex-dividend date will be 25 July 2024.
Other financial highlights include:
Performance impacted by the wider economic environment and resulting deferral of investment in telecoms market.
Three consecutive 6 month periods of stable order levels (H2 FY23 through to H2 FY24).
Revenue of £16.3m (FY23: £27.5m).
Gross margins maintained at 73%, broadly in line with prior year (75%).
Loss before tax of £0.4m (FY23: profit before tax of £7.2m).
Profit after tax £0.04m (FY23: £5.9m)
Closing cash position of £11.9m (31 March 2023: £19.1m, including fixed term deposits).
