CentralNic achieves surge in yearly revenue and profit

(Alliance News) - CentralNic PLC on Monday proposed a final dividend of 1.0p per share for 2022, ...

Alliance News 27 February, 2023 | 12:16PM
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(Alliance News) - CentralNic PLC on Monday proposed a final dividend of 1.0p per share for 2022, after significant increases in revenue and profit.

CentralNic is London-based internet services holding company that develops and manages online marketplaces, allowing businesses to buy subscriptions to domain names for websites and email, monetise their websites, and acquire customers online.

The company said revenue was up 77% to USD728.2 million from USD410.5 million in 2021, as pretax profit multiplied to USD14.8 million from USD1.6 million.

"The group's organic growth further accelerated during the period, driven by ongoing market share gains of its proprietary privacy-safe, AI based customer journeys which address a multi-billion-dollar opportunity," the company explained.

Adjusted earnings before interest, tax, depreciation and amortisation amounted to USD86.0 million, up 86% from USD46.3 million. Adjusted earnings per share increased by 70% to 20.01 US cents from 11.80 US cents.

CentralNic Chief Executive Michael Riedl said: "Whilst early into the new financial year, we anticipate 2023 will see yet another year of robust growth and shareholder returns."

The company proposed a maiden dividend of 1.0 pence per share for the year.

Shares were down 1.8% at 137.00 pence each on Monday around midday in London.

By Xindi Wei, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
CentralNic Group PLC 183.20 GBX -2.45 -

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