Business
Results for 2018 & Declaration of final dividend
Results for 2018 & Declaration of final dividend.
About this update from Mti Wireless Edge Ltd
[{"type":"text","content":"\n \nRNS Number : 3805S MTI Wireless Edge Limited 11 March 2019 \n\nDissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR)\n \n11 March 2019\nMTI Wireless Edge Ltd \n(\"MTI\" or the \"Company\")\nFinancial results for 2018 & Declaration of final dividend \nMTI Wireless Edge Ltd (AIM: MWE), the technology group focused on comprehensive communication and radio frequency solutions across multiple sectors, today announces its audited results for the year ended 31 December 2018.\nUnless indicated otherwise, all financial figures assume that the merger between the Company and MTI Computers & Software Services (1982) Ltd (the \"Merger\") that completed in August 2018 was in effect throughout the entire of the reported periods).\nHighlights: \n· The completion of the Merger increased revenue by 35% during the period to $35.5m, with organic growth being 2% (2017: $26.4m* and $34.6m** respectively)\n· Earnings per share increased by 14% to 2.70 US cents (2017: 2.36 US cents), even following the issuance of shares as consideration for the Merger\n· Gross profit increased 26% year-on-year to $12m due to the Merger, with organic growth being 7% (2017: $9.6m* and $11.2m** respectively)\n· Profit from operations increased 82% year-on-year to $2.9m due to the Merger, with organic growth being 21% (2017: $1.6m* and $2.4m** respectively)\n· The Company generated $2.3m of cash from operations (2017: $2.4m)\n· Shareholder's equity grew during the period to $20.6m (31 December 2017: $19.6m) representing 18.3p per share (Calculated at £/$ rate of 1.29)\n· Dividend of $0.015 per share (2017: $0.02 per share) declared - to be paid on 5 April 2019 to shareholders on the register at the close of trading on 22 March 2019 \n \n* These figures represent the relevant financial results of the Company (only) for the year ended 31 December 2017.\n \n** These figures represent the relevant financial results of the Company in the year ended 31 December 2017, aggregated with that of MTI Computers & Software Services (1982) Ltd for the same period.\n \n&n...