Fonix Mobile PLC on Thursday proffered an optimistic outlook for the year ahead, after posting annual revenue and profit increases.
For the year ended June 30, the London-based mobile payment and messaging platform reported profit before tax of £10.9 million, up from £9.6 million a year prior. Operating profit was £10.5 million, also up from £9.6 million.
Revenue was £64.9 million, up from £53.6 million the previous year. Fonix attributed this increase to strong growth in both its mobile payments and messaging services lines.
Basic earnings per share were 8.8 pence, up from 8.0p. Diluted earnings per share were 8.7p, similarly up from 8.0p year-on-year.
Fonix proposed a final dividend of 4.89p, giving a total dividend for the year of 7.25p. This represented an increase of 12% from 6.50p the previous year.
Looking ahead, the firm said it has made a strong start to the new financial year, with trading in line with expectations. The board added that with ‘high levels of repeating revenue’, a strong run-rate entering the new financial year, and recent client wins in the UK and Ireland, it continues to be ‘confident’ in the business’ growth potential and increasing profitability.
‘We have continued to make great progress on our strategic goals this year, seizing an initial client-led opportunity in Ireland to become the leading provider of interactive services for media customers in a second geographical market. New client wins from ITV, RTE, Channel 4 and Wireless Radio Ireland significantly underpin our growth expectations in the year ahead whilst at the same time creating high barriers to entry to prospective competitors,’ said Chief Executive Officer Rob Weisz.
‘We continue to make great progress on our strategic goals and recognise that by delivering on these objectives and nurturing recent client wins we have a great opportunity to exceed expectations.’
Fonix Mobile shares were trading 1.1% higher at 193.00 pence each in London on Thursday morning.
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