Celebrus Technologies PLC on Tuesday said its new financial year started in line with expectations amid a growing pipeline, as it announced a higher dividend amid rising profit and revenue.

The Sunbury-on-Thames, England-based data management platform said pretax profit more than doubled to £5.6 million in the financial year that ended March 31 from £2.4 million a year prior.

Revenue jumped 53% to £32.6 million from £21.4 million.

Cost of sales increased 82% to £15.4 million from £8.5 million, while administrative expenses increased 13% to £12.2 million from £10.8 million.

The company declared a final dividend of 2.23 pence per share, up from 2.15p. This brings the total payout to 3.15p, up 4.0% from 3.03p.

Chief Executive Officer Bill Bruno said: ‘We have completed the refocus of the group to being a software sales business while delivering a strong financial performance. We are now ready for the next stage of growth.’

Celebrus said trading to date in the new financial year is in line with expectations. Noting continued investment into its sales and marketing, it said: ‘The year has started with a growing pipeline and a good proportion of revenue for the financial year already contracted.’

Celebrus shares were up 0.8% to 252.00 pence each on Tuesday morning in London.

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