9th Mar 2016 09:15
LONDON (Alliance News) - IT services provider FDM Group (Holdings) PLC on Wednesday posted significant growth in pretax profit and revenue for 2015 and said it will pay a special dividend.
FDM said its pretax profit for the year to the end of December increased 55% to GBP29.4 million from GBP19.0 million a year earlier, as revenue grew to GBP160.7 million from GBP123.3 million, a 30% rise, and 'mountie' revenue rose 34% to GBP119.4 million from GBP88.9 million.
FDM's mounties, its permanent IT consultants placed on client sites, grew 31% to 2,022 over the course of the year, driven by geographic expansion. FDM also invested in its training academies over the year, increasing training capacity by 34%, leaving it well positioned for further growth in 2016.
The group will pay a final dividend of 8.5 pence per share, meaning its total dividend rises to 16.5p from 7.5p, more than double. In addition, it will pay a 5.0p special dividend, reflecting a robust cash position of GBP22.4 million on December 31, up 82% from a year before, despite of the investments made in the business in the year.
"I am exceptionally proud of what FDM has achieved in 2015. The group, across all its regions, delivered a strong financial performance, materially grew the number of Mounties on site and accelerated our UK and international academy expansion programme," said Chief Executive Rod Flavell.
FDM shares were up 2.1% to 500.00p on Wednesday morning.
By Sam Unsted; [email protected]; @SamUAtAlliance
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