Netcall Plc (NET.L), a software company, on Wednesday registered a rise earnings and revenue for the full year, helped by strong sales momentum and increased revenue from Cloud services.
For the 12-month period to June 30, the company posted a pre-tax income of 6.329 million pounds, higher than 4 million pounds in the previous year.
Net profit stood at 5.854 million pounds or 3.56 pence per share as against last year's 4.206 million pounds or 2.52 pence per share. Adjusted basic earnings per share were 3.57 pence per share, compared with 3.33 pence per share a year ago.
Operating profit increased to 5.426 million pounds from 3.812 million pounds a year ago. Adjusted EBITDA rose to 8.440 million pounds from 8.00 million pounds in 2023.
Administrative expenses slipped to 28.050 million pounds from prior year's 26.552 million pounds. Cost of sales was at 5.612 million pounds, lesser than 5.768 million pounds a year ago.
The company's annual revenue was 39.057 million pounds, up from previous year's 36.040 million pounds. Revenue from Cloud services improved to 19.8 million pounds from prior year's 16.6 million pounds.
Netcall will pay a final dividend of 0.89 pence per share, higher than prior year's 0.83 pence per share. This will be paid on February 7, 2025 to shareholders on the register as of December 27.
Looking ahead, James Ormondroyd, Chief Executive, said, "Positive sales momentum has continued into the new financial year. Our robust pipeline and product roadmap, together with a growing base of recurring revenue and a healthy cash position, leaves us well-positioned to capitalize on the market opportunities ahead."
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