29th Sep 2015 09:34
LONDON (Alliance News) - Telecommunications software company Netcall PLC on Tuesday said its pretax profit rose in the year to the end of June thanks to improved revenue, prompting it to outline an enhanced dividend programme for the next three years.
Netcall's pretax profit for the year to June 30 was GBP2.4 million, up 24% from the GBP1.9 million it made a year earlier, as revenue rose to GBP17.2 million from GBP16.9 million. Recurring revenue accounted for 62% of this total, Netcall said.
The company said it would hike its final dividend to 1.0 pence per share, up 11% year-on-year, and will pay out a total of 2.2 pence per share as it has rebased its dividend policy at a higher payout level.
The company said it has seen robust demand from its customer base and has won new private and public sector contracts. Post the end of the year, it won a place on the Crown Commercial Service Network Services agreement for inbound telephony services. The company invested in its Liberty Customer Engagement software platform in the year, which helped it win a couple of major deals, including a five-year multi-channel contact centre service contract.
"Our investment to date in the Liberty platform has been successful and we will accelerate our investment in its cloud capabilities to take full advantage of a market segment which is forecast to grow at double digit rates in the coming years," said Chief Executive Henrik Bang.
"Cash generation remains strong and we are therefore pleased to propose an enhanced dividend programme whilst maintaining sufficient cash on the balance sheet to support the Group's acquisition strategy," Bang added.
Shares in Netcall were up 1.9% at 54.00 pence on Tuesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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