15th Feb 2016 07:36
LONDON (Alliance News) - Fidessa Group PLC on Monday reassured investors about its ability to pay special dividends, amid investment in the range of asset classes it supports, expansion of its regional coverage, and the build out of its infrastructure.
The dividend guidance came as the financial trading software company reported flat pretax profit in 2015, at GBP39.1 million, as revenue rose by 7.4% to GBP295.5 million and expenses before accounting for the effects of amortisation and acquired intangible assets increased by 8.7% to GBP256.4 million.
Operating margins were weakened by the group's investment pipeline, Fidessa said.
Fidessa lifted its ordinary dividend for the year to 38.5 pence from 38.1p, and maintained a special payment of 45.0p.
"We do not believe that our current investment programme, including any potential investment in a new fixed income platform, is likely to have a material impact on our ability to pay further special dividends in the future," Chief Executive Chris Aspinwall said.
By Samuel Agini; [email protected]; @samuelagini
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