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IN BRIEF: Synectics lifts dividend by 50% as profit and sales climb

ALN

Synectics PLC - Sheffield, England-based provider of advanced security and surveillance systems solutions - Underlying pretax profit climbs to £4.7 million in the year to November from £3.0 million a year as revenue increases to £55.8 million from £49.1 million. Underlying earnings before interest, tax, depreciation and amortisation rises 27% to £6.2 million from £4.8 million. Underlying earnings per share increase to 21.6 pence from 14.2p. A final dividend of 2.5 pence per share, down from 3p a year ago, gives an increased total dividend up 50% to 4.5p per share from 3.0p.

‘Strong results, with record gross margins and adjusted profit before tax being materially ahead of recently upgraded market expectations, supported by a solid year of growth in all sectors, particularly within Gaming,’ Synectics says.

‘Following a good start to FY25, trading to date is in line with the board’s expectations, with our strong order book underpinning confidence in FY25 and beyond,’ company adds.

Current stock price: 326.20 pence, down 9.4% in London on Tuesday

12-month change: up 81%

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