11th Dec 2018 08:48
LONDON (Alliance News) - RWS Holdings PLC on Tuesday expressed confidence for the year ahead following a strong profit growth in its recently ended financial year.
The property support services provider said pretax profit in the year to the end of September grew by 17% to GBP39.7 million from GBP33.9 million reported a year before, as revenue jumped 87% to GBP306.0 million from GBP164.0 million.
RWS Holdings said the Moravia acquisition was the "most significant" contributor to this increase, while all divisions also delivered growth, contributing to 5% organic revenue growth.
The company acquired globalisation services provider Moravia in October last year.
RWS Holdings proposed final dividend of 6.0p per share, taking the total payout for the year to 7.5p, up 15% from 6.5p paid the year ago.
Looking ahead, RWS Holdings said it made a "very good" start to financial 2019 with a strong performance in the first two months, underscoring its expectations of delivering another record year.
"We have made a very good start to the new financial year and we look forward to 2019 with confidence," said Chairman Andrew Brode.
RWS Holdings shares were trading 2.3% higher on Tuesday at 478.45 pence each.
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