The Mony Group Plc Board has recommended a return to dividend growth with a 3% increase to the interim dividend to 3.3 pence per share (H1 2023: 3.2p). This reflects the ongoing good cash conversion of the business, strong balance sheet and the Board's confidence in the future prospects of the Group.
The interim dividend will be paid on 9 September 2024 to shareholders on the register at the close of business on 2 August 2024.
Other financial highlights include:
Revenue up 5%, supported by strong performance in Insurance and Cashback. Gross margin maintained at 68% and EBITDA up 8% to £73m
Increase in operating costs kept to 2%, as a result of work completed so far in building out our platform and delivering marketing efficiencies, in line with their strategy
Strong cash conversion - £51.8m of operating cashflow during the period
