A Hartlepool-headquartered tech firm has reported strong financial results in its latest update to the City.
In the year ended December 31, 2014, Stadium Group grew normalised pre-tax profit by 45%, from £1.9m in 2013 to £2.7m. Revenues remained steady at £41.7m, compared to £42.2m the year before, while statutory pre-tax profit leapt from £0.4m to £1.8m.
The group also grew its operating profit margin from 5.6% to 7.6%, while making progress on a number of strategic aims.
A final divided of 1.4p per share is proposed, a significant uplift on the 0.75p proposed in 2013.
Stadium chairman Nick Brayshaw said: “This is an exciting period for Stadium and we have made positive progress against our strategic targets.
“We have continued to deliver improving results on the back of profitable and sustainable organic growth, with the addition of value-accretive acquisitions.
“The initial months of 2015 have seen an encouraging start to the year, with the order book and revenues ahead of the comparable period of last year.
“We expect this improvement to continue going forward and therefore remain confident about the prospects for the current year and beyond.”
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