Centaur Media announce an Interim dividend of 0.5 pence per share

DividendMax Ltd.

Centaur Media announce an Interim dividend of 0.5 pence per share

Centaur's Board will pay an interim dividend of 0.5p per share (HY 2020: 0p). This follows the announcement at Centaur's preliminary results in March 2021, where the Board recommended the resumption of its normal dividend policy, which aims to distribute 40% of adjusted. earnings after taxation, subject to a minimum aggregate total of 1p per share per year.

Other financial highlights include:

Reported revenues grew 22% to £18.3m, with robust revenue growth across both Xeim (up by 20% to £14.8m) and The Lawyer (up by 30% to £3.5m)

Group adjusted EBITDA increased to £2.2m (HY 2020: £0.9m) as a result of revenue growth and margin improvements

Flagship brands driving growth and now represent two-thirds of Group sales

Adjusted EBITDA margin grew to 12% (HY 2020: 6%) due to impact of operational gearing

Encouraging progress towards MAP23 targets of 23% adjusted EBITDA margin and more than £45m revenues by 2023

Net cash of £11.9m as at 30 June 2021 (HY 2020: £8.4m)

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