Driver Group have announced final dividend for the year to 30 September 2023 (0.75p per share) in December was paid in April 2024. Reflecting their confidence in the medium-term prospects for the Group, and with the strong balance sheet position, the Board recommends the payment of an interim dividend of 0.75p per share for 2024 (2023: 0.75p per share). The interim dividend will be paid on 25 October 2024 to shareholders who are on the register of members at the close of business on 20 September 2024, with an ex-dividend date of 19 September 2024.
Other financial highlights include:
Revenue from continuing operations of £22.5m (2023: £22.7m).
Gross profit margin at 27% (2023: 27%), with gross profit of £6.1m (2023: 6.2m).
Underlying profit before tax £0.6m (2023: £0.7m), a margin of 3% (2023: 3%).
Profit before tax £0.5m (2023: £0.5m).
Net cash of £3.6m (2023: £5.3m), a year on year decrease of £1.7m mainly due to dividend and tax payments and the timing of the planned cessation of a JV agreement in Canada and the Middle East.
Net cash as at 31 May 2024 of £4.2m
