(Alliance News) - Baltic Classifieds Group PLC on Thursday lifted its final dividend for financial 2023 by 20% as profit and revenue jumped.
The leading online classifieds group in the Baltics, operating in Estonia, Latvia and Lithuania reported revenue of EUR60.8 million for the financial year ended on April 30, up 19% from EUR51.0 million the year before.
The company noted "healthy growth" in all four business lines, which are Auto, Real Estate, Jobs & Services, and Generalist businesses; as well as the core revenue streams of business-to-consumer and consumer-to-consumer.
Pretax profit jumps to EUR26.4 million from EUR2.4 million the year before, as operating profit jumps to EUR29.1 million from EUR13.6 million the year before.
Adjusted earnings per share was 7.7 euro cents, up 20% from 6.4 cents the year before.
Chief Executive Officer Justinas Simkus said: "This has been yet another very successful year for BCG and a record year in terms of financial performance. I was delighted to see that growth was driven by our core classifieds revenue streams and that the growth was relatively consistent across all of our verticals."
The company declared a final dividend of 1.7 euro cents per share, up 21% from 1.4 cents the year prior.
Looking ahead, the firm said it is guiding to 15% revenue growth in financial 2024, with Auto, Real Estate and Jobs & Services expected to grow marginally ahead of this number and Generalists below the overall group average.
Shares were up 2.0% at 170.00 pence each on Thursday morning in London.
By Xindi Wei, Alliance News reporter
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Baltic Classifieds Group (BCG)