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Craneware Annual Revenue More Than Doubles

Craneware plc (CRW.L), a developer of computer software for the healthcare industry, on Tuesday reported profit before tax of $13.10 million for the year ended 30 June 2022, nearly flat with $13.17 million in the previous year.

Net profit for the year declined to $9.41 million or $0.265 per share from $12.91 million or $0.475 per share last year, impacted by higher tax on profit on ordinary activities this year.

Excluding one-time items, adjusted earnings per share increased to $0.881 from $0.681 last year.

Adjusted EBITDA, or earnings before interest, taxes, depreciation, and amortization, grew to $51.76 million from $27.11 million last year.

Revenue increased 119% to $165.54 million from $75.58 million a year ago.

The company's Board has proposed a final dividend of 15.5p per share, to be paid on December 16, to shareholders on the register as on November 25.

Keith Neilson, CEO of Craneware said the company expects accelerated levels of sales moving forward.

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