(Alliance News) - iEnergizer Ltd on Thursday lifted its dividend for its recently-ended financial year, amid double digit increases in profit and revenue.
For the year to the end of March, the technology and media services firm reported a pretax profit of USD52.5 million, up 29% from USD40.8 million the year before, on revenue that grew by 10% to USD194.9 million from USD177.1 million.
This was due to revenue from services climbing by 9.7% to USD191.0 million, as the Business Process Outsource division increased by 19% to USD120.8 million on increased workload volumes from customers.
In addition, iEnergizer noted revenue growth from multi-year contract wins from existing clients, new product launches and new customers.
This was while other operating income rose to USD3.9 million from USD3.0 million the prior year.
Earnings before interest, taxes, depreciation and amortisation were up 19% at USD59.7 million from USD50.1 million.
iEnergizer proposed a final dividend of 8.4 pence per share, bringing the total payout to 13.6p, a 31% increase from 10.4p the year before.
Looking ahead, the group said it has a sizeable project pipeline, and expects its business to deliver on its strategy as it keeps a close eye on costs while the revised structure and new initiatives continue to take effect in the content delivery segment.
"We are delighted to report another strong performance by iEnergizer, achieving double-digit growth in revenue and as guided on 9 June, exceeding market expectations for Ebitda, due to the significant progress made by colleagues across all divisions, focusing on high margin revenue," said Chair Marc Vassanelli.
"During the unprecedented times of Covid-19, we remain in close discussions with our clients to ensure that we meet their needs and requirements throughout, while supporting our staff to work safely and remotely as per guidelines provided by the government, to serve clients at maximum capacity and efficiency on all our services," Vassanelli added.
Shares in iEnergizer were up 0.5% at 202.00 pence on Thursday in London.
By Dayo Laniyan; dayolaniyan@alliancenews.com
Copyright 2020 Alliance News Limited. All Rights Reserved.