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(Alliance News) - Totally PLC on Wednesday said it intends to pay a maiden dividend in its current financial year despite a widened loss in the first half.
The company, which provides a range of services to the healthcare sector, reported a pretax loss of GBP2.6 million for the six months to the end of September compared to GBP540,000 loss reported a year prior, as administrative expenses grew by 39% to GBP7.8 million from GBP5.6 million.
Depreciation and amortisation costs, meanwhile, also edged higher to GBP3.8 million from GBP1.4 million year-on-year.
More positively, revenue increased by 23% to GBP49.2 million from GBP40.2 million, thanks to the acquisition of Greenbrook in late June.
The company said it intends to pay a maiden interim dividend of 0.25 pence per share in February 2020.
"I am delighted with the progress that we continue to make across the group and am pleased to report that, at the half year, we are trading in line with both management and market expectations and the pipeline of opportunities remains strong across all business streams," said Chief Executive Wendy Lawrence.
Totally shares were trading 2.4% lower on Wednesday in London at 13.42p each.
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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