ZIGUP plc (ZIG.L), an integrated mobility solutions platform, reported Wednesday that its first-half profit before tax dropped 42.4 percent to 56.2 million pounds from last year's 97.4 million pounds.
Earnings per share were 19.4 pence, down 41.5 percent from 32.9 pence a year ago.
Underlying profit before tax was 82.0 million pounds, compared to 99.1 million pounds last year. Underlying earnings per share were 28.1 pence, compared to 33.4 pence a year ago.
Underlying EBITDA was 228.6 million pounds, up 3.9 percent from 220.0 million pounds last year.
Revenue edged down 0.8 percent to 903.6 million pounds from prior year's 911.3 million pounds. Underlying revenues went up 5.6 percent to 775.0 million pounds from 733.8 million pounds a year ago.
Further, the Board has declared an interim dividend of 8.8 pence per share, higher than last year's 8.3 pence, to be paid on January 10 to shareholders on the register as at close of business on December 13.
The interim dividend represents 50 percent of the final dividend for the year ended April 30, 2024 in line with previous guidance.
Looking ahead, the company said its confidence in the business, and for outlook, is unchanged and remains in line with market expectations.
Martin Ward, CEO of ZIGUP, said, "Our prospects are strong, and our expectations for the full year are on track. With our strategic initiatives yielding positive results and a strong financial footing, we are well-positioned to continue our growth trajectory..."
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