The Quartix Technologies Plc Board has recommended an interim dividend of 1.50p (2023: 1.50p) per share, £0.7m in aggregate. The amount is in line with the Group's stated policy on ordinary dividend payment. This was approved by the Board on 26 July 2024. The interim dividend will be paid on 30 September 2024 to shareholders on the register on 30 August 2024. The ex-dividend date is therefore 29 August 2024.
Other financial highlights include:
Group revenue increased by 10% to £16.1m (2023: £14.6m)
o Fleet revenue increased by 10% to £16.0m (2023: £14.5m)
o Fleet revenue represented 99.3% of total revenue (2022: 98.9%)
Adjusted EBITDA remained constant at £2.7m (2023: £2.7m)
Operating profit increased by 13% to £2.7m (2023: £2.4m)
Profit before tax increased by 13% to £2.7m (2023: £2.4m)
Diluted earnings per share of 4.49p (2023: 4.16p)
Free cash flow decreased by 21% to £1.1m (2023: £1.4m)
