Iomart Group (IOM)

 

iomart divi up 90% as revenues and earnings rise

Cloud computing company iomart's adjusted pre-tax profits rose by 18% to £22.4m in the year to the end of March.

Revenues were up 17% at £89.6m and adjusted EBITDA rose by 13% to £36.6m.

The group said the proposed final dividend was up 90% at 6.00p per share.

Chief executive Angus MacSween said: "This has been another year of strong growth and trading since the year end remains good.

"The long term opportunity and runway for success remains large and long. iomart remains well positioned to take advantage of that opportunity and to deliver further significant growth.

"I look forward, once again, with confidence to the year ahead."