12th Sep 2013 09:50
LONDON (Alliance News) - Content-processing technology firm Stilo International PLC Thursday reported a big increase in pretax profit for the first half, as sales of its equipment picked up.
Stilo posted pretax profit of GBP72,000 for the period ended 30 June, from GBP2,000 a year earlier, while revenue rose 4.4% to GBP733,000 from GBP702,000 in 2012.
Earnings before interest taxation, depreciation and amortisation increased to GBP97,000, from GBP26,000 and operating costs eased to GBP627,000, from GBP667,000.
Stilo said it further strengthened its cash position to GBP1.0 million, from GBP973,000 a year earlier.
The company said it was "delighted" that it is now in a position to pay its first dividend of 0.02 pence to shareholders and an additional "special" dividend of 0.1 pence per share.
Stilo shares were trading at 4.36 pence Thursday morning up 0.24 pence, or 5.7%.
By Anthony Tshibangu; [email protected]; @AnthonyAllNews
Copyright 2013 Alliance News Limited. All Rights Reserved.
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