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CentralNic Commits To Dividend Payout, Interim Loss Widens

Wed, 26th Sep 2018 12:35

LONDON (Alliance News) - CentralNic Group PLC on Wednesday reported a widened interim loss on increased administrative expenses and finance costs.

In the six months ended June, the domain name registry widened its pretax loss to GBP1.4 million from GBP780,000.

CentralNic's revenue increased 5.7% to GBP11.2 million from GBP10.6 million.

The company's administrative expenses increased to GBP4.7 million from GBP3.4 million. CentralNic's finance costs also increased to GBP359,000 from GBP102,000.

The increase in costs is related to the company's recent acquisitions of KeyDrive and GlobeHosting.

KeyDrive - which sells internet domain names, web hosting, and advertising tools - recorded revenue of USD31.8 million in the first half. CentralNic completed the GBP24 million reverse takeover in August, post period end.

GlobeHosting's revenue in the year to July was EUR849,000 and it recorded earnings before interest, taxation, depreciation, and amortization of EUR419,000.

The company is "confident" it is on track to meet market expectations for the full year. In 2017, CentralNic's pretax profit was GBP1.4 million on revenue of GBP24.4 million.

The acquisitions made in the period are driving the board's confidence. CentralNic expects its performance will be back-end loaded.

The company, due to its "highly cash generative" business, has committed to start paying a dividend, with the initial payout coming in 2019.

Chairman Mike Turner said: "Our first half results are most encouraging as CentralNic continues to deliver consistent organic growth whilst at the same time concluding earnings enhancing acquisitions.

"CentralNic's organic growth and roll-up strategy continues to be bolstered by a determination to escalate the size and scale of the business by concentrating on activities which will deliver high quality earnings and recurring revenues focused on the higher-margin and higher-growth segments of the market."

Shares in CentralNic were down 1.9% Wednesday at 51.00 pence each.

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Centralnic interim profit falls on rising costs, revenue up

(Alliance News) - CentralNic Group PLC on Monday said higher costs drove a decline in its interim profit, while its revenue grew by double digits.

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14 Aug 2023 07:56

CentralNic delivers bullish outlook after H1 growth

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UK earnings, trading statements calendar - next 7 days

Tuesday 8 August 
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Glencore PLCHalf Year Results
H&T Group PLCHalf Year Results
InterContinental Hotels Group PLCHalf Year Results
IWG PLCHalf Year Results
Quilter PLCHalf Year Results
Rotork PLCHalf Year Results
SDI Group PLCFull Year Results
SIG PLCHalf Year Results
TI Fluid Systems PLCHalf Year Results
Zotefoams PLCHalf Year Results
Wednesday 9 August 
4imprint Group PLCHalf Year Results
Arix Bioscience PLCHalf Year Results
Bank of Cyprus Holdings PLCHalf Year Results
Bellway PLCTrading Statement
CLS Holdings PLCHalf Year Results
CML Microsystems PLCTrading Statement
Coca-Cola HBC AGHalf Year Results
Flutter Entertainment PLCHalf Year Results
Hargreaves Services PLCFull Year Results
Hill & Smith PLCHalf Year Results
Hiscox LtdHalf Year Results
Impact Healthcare REIT PLCHalf Year Results
MaxCyte IncHalf Year Results
Polymetal International PLCTrading Statement
RM PLCHalf Year Results
Secure Trust Bank PLCHalf Year Results
TP ICAP Group PLCHalf Year Results
Tui AGQ3 Results
Vaalco Energy IncHalf Year Results
Thursday 10 August 
Allianz Technology Trust PLCHalf Year Results
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Atalaya Mining PLCHalf Year Results
Capital & Regional PLCHalf Year Results
Card Factory PLCTrading Statement
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Deliveroo PLCHalf Year Results
Derwent London PLCHalf Year Results
Entain PLCHalf Year Results
Global Connectivity PLCHalf Year Results
Hostelworld Group PLCHalf Year Results
Lancashire Holdings LtdHalf Year Results
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Petrofac LtdHalf Year Results
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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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CentralNic describes strong first half of trading

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24 Jul 2023 09:30

CentralNic hails strong performance; sees 2023 results in line

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LONDON BRIEFING: Stocks to open lower; Vodafone quarterly revenue dips

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IN BRIEF: CentralNic non-exec director sells GBP3 million in shares

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