LONDON (Alliance News) - Ebiquity PLC Tuesday declared a maiden dividend as it posted a rise in pretax profit for its recently ended financial year and expressed confidence for the year ahead.
The marketing and data company proposed a maiden dividend of 0.4 pence per share, which it said reflects its confidence in its future.
Shares in Ebiquity were up 0.6% at 140.00 pence Tuesday morning.
Ebiquity posted a pretax profit of GBP4.7 million for the year ended April 30, up from GBP3.4 million a year before, as revenue rose 7.9% to GBP73.9 million from GBP68.5 million, although this was partly offset by a rise in administrative expenses. Revenue was hit by the strength of the dollar against the euro. At constant currency revenue rose 11.5%.
The company said its performance was driven by increased demand for its media value measurement and marketing performance optimisation divisions. This offset a weaker performance in its Market Intelligence segment, which it attributed to a highly competitive market.
The company said that the final few months of its recently ended financial year were "extremely active", and as a result it begins its current year with a level of visibility on its revenue potential.
"The strategic initiatives implemented across all three divisions throughout the year, combined with our strong new business pipeline, enable us to look forward to the future with confidence," said Chief Executive Officer Michael Greenlees in a statement.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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Ebiquity (EBQ)