Maintel Holdings Plc (AIM:MAI) - acquisitions drive growth, cash flow superb
The AIM quoted telecoms and data services company, announced decent results for the 12 months to 31 December 2014 with the acquisitions of Datapoint (September 2013) and Proximity (Oct 2014) being the main drivers of growth.
Reported revenues were up 35% to £41.9m (2013: £31.1m) of which organic revenue was up 1%. Adjusted profit before tax was up 16% to £6.1m (2013: £5.2m) and adjusted earnings per share were up 24% to 46.7p supporting a final dividend up 29% to 11.6p. The full year dividend of 20.9p equates to a yield of 3% at the current share price.
There was a significant improvement in cash generation with net…
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