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Gresham Technologies PLC - London-based software and services for data integrity and control, banking integration, payments and cash management - Posts revenue of £48.7 million for 2022, up 32% from £37.0 million in 2021. Pretax profit is £3.2 million, up significantly from £431,000 a year earlier, as operating profit jumps to £3.5 million from just £548,000. Adjusted earnings before interest, tax, depreciation and amortisation amounts to £10.3 million, up 43% from £7.2 million in 2021. Declares a final dividend of 0.75 pence per share, unchanged from a year prior. Gresham says it is confident in 2023 outlook. Chief Executive Officer Ian Manocha says: ‘The group’s financial performance for the year, ahead of initial expectations, reflects the building blocks put in place over the last three years, with benefits from cross-selling momentum, operational synergies and a greatly expanded market opportunity starting to be realised.’ Current stock price: 161.48p each, up 0.6% on Tuesday afternoon in London 12-month change: up 6.2% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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