DCSIMG

Iomart hikes dividend after 37% jump in profits

  • by GARETH MACKIE
 

Cloud computing and web hosting specialist Iomart today said shareholders were in line for a 25 per cent increase in their final dividend as its posted a surge in annual profits.

The Glasgow-based group reported an adjusted pre-tax profit of £14.6 million for the year to 31 March, up from £10.7m a year earlier, on revenues 29 per cent higher at £55.6 million.

Chief executive Angus MacSween said revenues had been lifted by a combination of organic growth and a trio of acquisitions in September, including the £23m purchase of disaster recovery firm BTL.

MacSween added: “With our growing reputation and ongoing investment in leading edge technologies alongside our own development skills, we are well positioned for further significant growth. I look forward, once again, with confidence to the year ahead.”

Iomart proposed a final dividend of 1.75p a share, to be paid on 2 September, up from 1.4p last time.

 

Comments

 
 

Back to the top of the page

 

EDINBURGH
FESTIVALS
2014

#WOWFEST

In partnership with

Complete coverage of the festivals. Guides. Reviews. Listings. Offers

Let's Go!

No Thanks