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Ingenta confirms dividend payments as margins improve
Content management service Ingenta continued to see margin improvements in its recently ended trading year, leading the group to reiterate its dividend intentions.
Ingenta saw EBITDA increase to "at least £1.4m".
The AIM-listed group said on Friday that revenues for the twelve months ended 31 December 2017 ended up "in line" with management's expectations.
Ingenta confirmed its intention to pay a dividend of 1.5p per ordinary share for the 2017 financial year.
In a separate update, the group said that it was seeking to cancel its share premium account as part of an effort to create extra distributable reserves.
Ingenta noted that additional reserves would then be used to pay more dividends and support potential future share buybacks.
David Montgomery, chief executive officer, said, "We are pleased by the significant progress on operational efficiency and profitability that we have seen over the course of the year and are confident we have the right team and product offering to propel the business through the next stage of its growth."
The group was set to release its fully audited results for the trading year in March.
As of 1120 GMT, shares had advanced 6.38% to 125.00p.