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Idox PLC - Woking, Surrey-based information management software and geospatial data solutions - Pretax profit is GBP7.8 million in the financial year that ended October 31, up 18% from GBP6.6 million the year before, as revenue grows by 11% to GBP73.3 million from GBP66.2 million. Raises final dividend in response by 20% to 0.6 pence per share from 0.5p. Idox pays no interim dividend, so this is the total dividend for financial 2023. Looking ahead, Idox says order intake in financial 2023 is GBP82 million, up 10% on a year before, giving good revenue visibility for financial 2024. Says it has made an "encouraging start" to the new year, with trading in line with its own expectations. "We remain confident about the outlook for the year," Idox says.
Following a refinancing in October, it has "significantly increased resources to fund strategic [mergers and acquisitions] ambitions".
Current stock price: 66.80 pence
12-month change: up 5.7%
By Tom Waite, Alliance News editor
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