25th Feb 2015 10:48
LONDON (Alliance News) - Microgen PLC on Wednesday reported a fall in pretax profit for 2014 as its costs increased but revenue remained flat, though the company said it intends to return GBP20 million to its shareholders.
The software company said its pretax profit for the year to the end of December fell to GBP5.8 million from GBP8.7 million last year.
Revenue for the year was flat at GBP29.8 million, but operating costs rose to GBP23.7 million from GBP21.1 million a year ago and the group reported an uptick in its financing costs to GBP591,000 from GBP119,000.
The group said revenue in its Aptitude Software business rose to GBP15.4 million from GBP14.7 million last year, but Financial Systems revenue fell to GBP14.4 million from GBP15.1 million.
Microgen also announced plans to return GBP20 million to its shareholders via a B and C share scheme. The return translates to approximately 27 pence per share.
Its final dividend for the year was flat at 2.2 pence per share, meaning its full-year dividend was also flat at 3.3 pence per share.
Shares in Microgen were up 0.4% to 124.00 pence on Wednesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
Microgen