iomart Group plc (IOM.L), a cloud company, reported Tuesday that its fiscal 2024 profit before tax grew 2 percent to 8.7 million pounds from last year's 8.5 million pounds.
Basic earnings per share, meanwhile, dropped 9 percent to 5.8 pence from 6.4 pence a year ago.
Adjusted earnings per share were 9.8 pence, compared to 10.9 pence last year. Adjusted EBITDA grew 4 percent year-over-year to 37.7 million pounds.
Revenue improved 10 percent to 127.0 million pounds from 115.6 million pounds last year, supported by two acquisitions in the year and a further year of organic growth within cloud managed services.
Further, the Board is now proposing to pay a final dividend of 3.00p per share, down 14 percent from last year's 3.5 pence. The total dividend for the year would be 4.94 pence. Subject to shareholder approval, the final dividend would be payable on September 9 to shareholders on the register at close on August 16.
Regarding the current trading, the company said the first two months of the new financial year has seen trading in line with Board expectations, consistent with high recurring revenue business model.
Growth is likely to be more second half weighted in fiscal 2025, the firm noted.
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