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XPS Pensions FY20 Adj. EBITDA Rises; Organic Growth In Revenue At 5%

XPS Pensions Group plc said, on a pre IFRS 16 basis, pretax profit was 11.4 million pounds for the year ended 31 March 2020, flat with last year. Basic earnings per share from continuing operations was 3.8 pence compared to 5.1 pence. Adjusted EBITDA was 27.9 million pounds, up 2% year on year. Adjusted earnings per share was 9.8 pence, flat with prior year. Including IFRS 16, adjusted earnings per share was 9.6 pence, for the fiscal year.

Fiscal year revenue was 119.8 million pounds, up 9% from last year. Total revenue growth was driven by significant new client wins as well as the impact of bolt-on acquisitions. Organic growth was 5% year-on-year.

The Board proposed a final dividend of 4.3 pence. The final dividend will be paid on 24 September 2020 to those shareholders on the register on 28 August 2020.

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