4th Sep 2018 10:58
LONDON (Alliance News) - Healthcare-focused software provider Craneware PLC hiked its dividend Tuesday after annual profit and revenue rose in an "outstanding" year for the firm.
For the year ended June, pretax profit widened 12% to USD18.9 million from USD16.9 million the year prior. This was after revenue rose 16% to USD67.1 million from USD57.8 million the year before.
Craneware proposed a 14.0 pence per share final dividend, up 24% from 11.3p the year prior. For the full year, the dividend rose 20% to 24.0p from 20.0p the year before.
"While the past year has been outstanding in terms of financial results and operational progress, this is by no means the end of the journey, and we are excited by the far greater opportunity that lies ahead," Craneware Chief Executive Officer Keith Nelson said.
"It is clear that the investments we have made into the organisation's design, people and products are delivering excellent results, and we will continue to invest in our people and business to ensure we have the capabilities to succeed," Nelson added. "We believe that the breadth of our customer base and the quantity of data within our solutions means we have the opportunity to sit at the heart of the move to value-based economics; collating and analysing the information that will support hospital-wide decision making and ultimately have a positive impact on the quality of healthcare."
"With an ongoing, growing market opportunity, a record sales pipeline and increasing long-term revenue visibility, we enter the new financial year with great confidence for the future and the ongoing success of the business", Nelson concluded.
Shares in Craneware were 10% higher at 2,520.00 pence on Tuesday.
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