The RWS Holdings plc directors have approved an interim dividend of 2.45p per share, reflecting a 2% increase over the 2.40p interim dividend in HY23. The dividend will be paid on 19 July 2024 to shareholders on the register at 21 June 2024 and the ex-dividend date is 20 June 2024.
Other financial highlights:
Reported revenue of £350m, down 4% on prior period (HY23: £366m) and down 2% on an OCC basis (HY23: £357m):
Gross margins have been maintained at 45.7% (HY23: 45.7%)
Adjusted profit before tax ("PBT") of £45.6m (HY23: £54.4m) reflected lower gross profit.
Net debt was £38.9m at 31 March 2024 (FY23: net cash of £23.6m) after payment during the first half of the £36m final dividend for FY23 and £30m under the share repurchase programme. £25m cash was received as initial consideration for PatBase in May 2024 after the period end
