(MENAFN- ProactiveInvestors - UK) Sanderson Group PLC (LON:SND) upped its half year dividend by 11% as it picked up substantial amounts of new business.
The supplier of enterprise software to Hotel Chocolat, Scotts of Stow and football club Spurs lifted revenues by 8% overall to 9.9mln in the six months to March, with orders also sharply higher. Profits rose by 14% to 1.03mln, with cash generated over the period also strong. Ian Newcombe, chief executive, said the general economic environment had improved with a ''very high level of business'' from new customers especially toward the end of the half when ten new customers placed orders worth just over 2mln. The order book at the end of the period was worth 3.2mln, up from 2.35mln six months earlier. Recurring revenue from pre-contracted licence and ongoing support services grew to 5.19 mln (2015: 4.76 mln) or 53% of the total. The interim dividend rose 11% to 1p. Shares added 1% to 83.5p.
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