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Idox PLC - Woking, Surrey-based information management software and geospatial data solutions - Pretax profit is £7.8 million in the financial year that ended October 31, up 18% from £6.6 million the year before, as revenue grows by 11% to £73.3 million from £66.2 million. Raises final dividend in response by 20% to 0.6 pence per share from 0.5p. Idox pays no interim dividend, so this is the total dividend for financial 2023. Looking ahead, Idox says order intake in financial 2023 is £82 million, up 10% on a year before, giving good revenue visibility for financial 2024. Says it has made an ‘encouraging start’ to the new year, with trading in line with its own expectations. ‘We remain confident about the outlook for the year,’ Idox says. Following a refinancing in October, it has ‘significantly increased resources to fund strategic [mergers and acquisitions] ambitions’. Current stock price: 66.80 pence 12-month change: up 5.7% Copyright 2024 Alliance News Ltd. All Rights Reserved.
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