Published: April 28, 2014
6PM Holdings plc has registered a profit after tax of GBP 742,551 for the year 2013 compared to a profit of GBP 526,536 for the year 2012.
As at the end December 2013, 6PM Holdings registered a pre-tax profit of GBP 637,805 (2012: GBP 433,586). The gross profit for the year amounted to GBP 3,620,634 (2012 – GBP 2,771,284) equivalent to 39% (2012 – 39%) of total revenues. Administrative expenses amounted to GBP 2,877,227 (2012 – GBP 2,238,779). Group total equity at the year-end amounted to GBP 5,517,724 (2012 – GBP 5,014,584).
In view of the positive results registered, the Board of Directors proposed the payment of a final net dividend of GBP 0.02 per share. The Directors further propose a bonus issue of one share for every 25 shares held on 20 May 2014 equivalent to GBP 158,242 is allocated from the share premium account. Application will be made for the necessary authorisation concerning the listing of the share on the Malta Stock Exchange.
In a statement, the Board of Directors said that the 6PM Group’s intent is to further develop sales, especially in the newly-developed products, while also investing in getting annuity revenue. These, coupled with the cost containment efforts and building on synergies within the group, will help to sustain the profitability of the group within the foreseeable future.