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Ingenta PLC - Oxford, England-based provider of software and services to the publishing industry - Pretax profit rises 64% to £727,000 in 2021 from £442,000 in 2020. Revenue remains broadly stable, dipping slightly to £10.1 million from £10.2 million. Annual recurring revenue represents 88% of total revenue, up from 86% the previous year. Proposes a final dividend of 2 pence per share, up from 1.5 pence the previous year, making for a total dividend with respect to 2021 of 3p. Reports ‘strong’ trading in 2022 with growth in revenue and profit being driven by its existing customer base.
Chief Executive Scott Winner says: ‘The 2021 results announced today demonstrate the completion of Ingenta's turn around, delivering stabilised revenue, strong efficiency gains, higher margins and improved cashflow. This has been achieved by delivering a broader array of services to existing customers.’
Current stock price: 88.00 pence, up 6.7% in London on Monday
12-month change: up 30%
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