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20 Mar 2019 | 08:39

EMIS more than doubles profits as revenue growth meets market expectations

Healthcare software and services group EMIS more than doubled annual pre-tax profits as revenue increased in line with market expectations.

For the year ended 31 December 2018, reported pre-tax profits more than doubled to £29.2m from £10.9m a year earlier and revenue increased 6% to £170.1m.

The company proposed to raise its final dividend to 14.2p from 12.9p last year, taking the total dividend for the year to 28.4p from 25.8p, up 10% on last year. 'I am pleased with the overall results for the Group in my first full year as Chief Executive Officer. The business performed well, with good revenue growth in the period and profit in line with market expectations, supported by growing revenues across all our key segments,' said Andy Thorburn, Chief Executive Officer of EMIS Group. 'We maintained our track record of high levels of recurring revenue, good cash generation and an increased dividend, and the Group is well positioned for future growth. We worked hard throughout the year to improve our service and responsiveness to our loyal customers.'

At 8:39am: (LON:EMIS) EMIS Group PLC share price was +13.5p at 971.5p

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