LONDON (ShareCast) - - Full-year profit rises by more than a third
- Hikes dividend payment by a quarter
- Strong start to new financial year

Cloud computing firm Iomart reported a sharp increase in annual profit, upped its dividend and said it is well positioned for further significant growth.

The aim-listed Glasgow-based group said adjusted pre-tax profit grew 37% to £14.6m for the year ended March 31st from £10.7m. Revenue grew 29% to £55.6m.

Basic earnings per share from continuing operations rose to 7.30p, an increase of 6% over the year.

Iomart, which increased its European footprint last year through the acquisition of Redstation, said it has started the 2015 financial year in a strong position with a high level of revenue visibility.

CEO Angus MacSween commented, "We continue to be well placed to deliver an ever wider range of cloud services to our increasing customer base... we are well positioned for further significant growth. I look forward, once again, with confidence to the year ahead."

Iomart has proposed a final dividend of 1.75p per share, up 25% from the year before.


CJ

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