Dividend increase for IT firm after strong half year
Software and IT group, Sanderson has declared a 10% increase in interim dividend following a strong half year.
The Coventry-based group, which supplies digital retail technology and enterprise software for the manufacturing, wholesale distribution and logistics sectors, saw revenue growth 10% to £10.9m (H1 2016: £9.86m) in the half year to March 31, 2017.
Operating profit increased 5% to £1.55m (H1 2016: £1.47m), although basic earnings per share were down to 1.6p (H1 2016: 1.7p). Interim dividend rose from 1p to 1.1p.
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