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IN BRIEF: Emis Group lifts annual dividend as profit jumps

25th May 2023 10:40

Emis Group PLC - Leeds-based healthcare software producer - Says revenue rises by 4.3% to GBP175.4 million in 2022 from GBP168.2 million in 2021. Recurring revenue rises 6.3% to GBP143.3 million from GBP134.8 million. Pretax profit increases by 7.8% to GBP38.9 million from GBP36.1 million. Emis explains this reflects an exceptional fair value gain of GBP10.7 million on the revaluation of the previously held interest in a joint venture resulting from the Healthcare Gateway acquisition. Emis declares a final dividend of 21.1 pence, up 20% annually to 17.6p. This brings the company's full-year dividend to 38.7p, up 9.9% from 35.2p. Looking ahead, says confident of delivering full year expectations for 2023.

Chief Executive Officer Andy Thornburn says: "It has been another year of good progress for EMIS group."

Expects takeover by a subsidiary of UnitedHealth Group Inc to become effective in the final quarter of 2023 or the first quarter of 2024, subject to approval from the UK Competition & Markets Authority.

The acquisition is currently the subject of a phase 2 probe.

Current stock price: 1,326.00p each, down 0.2% on Thursday

12-month change: up 1.4%

By Xindi Wei, Alliance News reporter

Comments and questions to [email protected]

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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