Redcentric Share News (RCN)

- Revenue and profit ahead of management expectations- Maiden dividend of 1.0p per share- Management confident about outlookAIM-listed IT managed services provider Redcentric reported full-year revenue and profit ahead of management expectations and said it remains confident about its outlook.The group report adjusted earnings before interest earnings before interest, taxes, depreciation, and amortisation (EBITDA) of £10.5m, representing an EBITDA margin of 18%. Statutory profit for the period was £1.8m. It also posted revenue of £58.3m and announced its maiden dividend payment.Redcentric also announced a string of contract wins, including one recently with the NHS worth around £5m. Over £10m of new contract wins have been announced since the year-end.Chief Executive Tony Weaver said: "We have created a focused business of significant scale, and with the flexibility and expertise to respond to our customers and work with them closely to help deliver their objectives. "Redcentric has the momentum, ambition and financial strength to expand its capabilities. The board and management team have every confidence that we will be able to grow the company and deliver increasing shareholder value in the future."A maiden dividend of 1p per share has been recommended for the year ending March 31st 2014.CJ