The MTi Wireless Edge Board is to declare a final dividend of US$0.033 per share representing a 6% increase on the previous year (2024: US$0.031). The dividend will be paid on 11 April 2025 to shareholders on the register at the close of trading on 28 March 2025 (ex-dividend on 27 March 2025). The currency translation into British Pounds will be made on 2 April 2025 and there will not be a scrip dividend alternative.
Other financial highlights include:
Profit from operations decreased 3% to US$4.51m (2023: US$4.65m)
Profit before tax similar to last year at US$4.81m (2023: US$4.84m)
Net Profit increased 3% to US$4.2m (2023: US$4.1m)
Earnings per share increased by 9% to 4.99 US cents (2023: 4.58 US cents)
Net cash of US$6.0m at 31 December 2024 (31 December 2023: US$8.1m) following purchase of 2.3m shares in the Company under the buyback programme
