TheKnights Group Holdings Plc Board is proposing an interim dividend of 1.76p per share (H1 FY24: 1.61p), an increase of 9%. The dividend will be payable on 14 March 2025 to shareholders on the register at 14 February 2025.
Other financial highlights include:
Strong growth in underlying PBT of 25.9% to £14.6m (H1 FY24: £11.6m); Underlying PBT margin up 3.0% pts to 18.4% (H1 FY24: 15.4%)
Revenue up 5.4% to £79.4m (H1 FY24: £75.3m)
Reported profit before tax increased by 30.4% to £9.0m (H1 FY24: £6.9m)
Basic underlying EPS up 27.2% to 12.71p (H1 FY24: 9.99p); Basic reported EPS up 33.7% to 7.14p (H1 FY24: 5.34p)
Debtor days of 33 (H1 FY24: 31); lock up of 98 days (H1 FY24: 93 days)
Good cash conversion of 63% (H1 FY24: 69%)
Net debt at £50.1m (1.4x bank leverage), (H1 FY24: £38.3m (1.3x bank leverage), FY24: £35.2m (1.1x bank leverage) after a cash outlay of c.£8.9m relating to initial and deferred consideration in respect of acquisitions
