Aeorema Communications plc (AIM: AEO), the strategic events and communications group, has reported record operational and financial performance for FY23.
Steve Quah, CEO of Aeorema Communications, explains how the Company achieved a 66% increase in revenue to £20.2m (FY22: £12.2m) with Profit Before Tax up 25% to £1.0m (FY22: £0.8 million).
The strong balance sheet has been maintained with £1.9 million cash held and the dividend has been increased 50% to 3p per share with the Company committed to a progressive dividend policy going forward.
Steve also told focusIR that they have invested heavily in the business to ensure momentum continues across both EMEA and North America and there remains a deliberate strategy to reinvest a substantial portion of earnings back into the business to ensure continued growth.
Reasons to Add Aeorema Communications to your Watchlist:
• The Company has tripled in size over the last 24 months with an aggressive investment strategy
• The Company has already seen significant top-line growth, which is likely to be followed by significant operating margin expansion over the next 24 months
• The Company is well positioned to take advantage of the several strategic opportunities across the large and high value global sector
• The Dividend Yield of almost 4% provides stable income for investors