5th Mar 2019 11:54
LONDON (Alliance News) - Healthcare-focused software provider Craneware PLC boosted its interim dividend 10% Tuesday after profit and revenue both rose in another "strong" set of results.
For the six months ended December, pretax profit widened 6.9% to USD9.3 million from USD8.7 million the year prior. This was after revenue rose 15% to USD35.9 million from USD31.1 million the year before.
"We are delighted to report another strong set of results, delivering against our growth strategy," Craneware Chief Executive Officer Keith Nelson said. "The strength of our trading performance to date and double-digit rate of growth demonstrate the ongoing momentum we are experiencing in the business and the growing market opportunity we see."
Craneware proposed a 11.0 pence per share interim dividend, up 10% from 10.0p the year prior.
"As we enter the second half of the financial year we do so with excitement as we continue to build the business in line with the large market opportunity available to us," Nelson said.
"Our growing market opportunity, the strength of our sales pipeline and increasing long-term revenue visibility, mean we enter the second half of the financial year with great confidence for the future and the ongoing success of Craneware", Nelson continued.
Craneware explained it has a "strong" pipeline of opportunities in the current financial year. It also has USD70.0 million of visible revenue for the remainder of the year.
Craneware added for the three years ending June 2021, it has USD196.2 million in visible revenue. This is compared to the USD174.3 million reported over a three-year period at the time of its interim results the year before.
Shares in Craneware were 5.7% lower at 2,507.724 pence on Tuesday.
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