LONDON (ShareCast) - (ShareCast News) - GlobalData posted its results for the 2016 calendar year on Monday, with group revenue increasing by 65% to £100.0m and deferred revenue improving by 57% to £46.1m year-on-year.
The AIM-traded company said adjusted EBITDA increased by 71% to £20.6m, as its adjusted EBITDA margin rose to 20.6% from 19.8% despite investment.

Cash from operations increased to £15.0m from £10.9m.

The board declared a final dividend of 4p per share, up from 2.5p, for a total dividend of 6.5p, an improvement from 2.5p in 2015.

GlobalData's statutory loss before tax narrowed to £2.5m from £2.8m, which included non-cash charges of £13.4m amortisation of acquired intangibles, £2.8m share based payments and £1.6m of unrealised foreign exchange losses.

"The business has performed well over the past year, achieving record levels of both reported and deferred revenues," said executive chairman Bernard Cragg.

"We have combined three businesses to create a leading global business information company."

Cragg said the results for the year's trading were encouraging, more so given that for much of the year the board was focussed on integrating the businesses and creating a strong global platform.

"We are now leveraging this platform to drive significant growth and profitability."

Email this article to a friend

or share it with one of these popular networks:

• DIGG
• FACEBOOK
• STUMBLEUPON
• MIXX
• YAHOO BUZZ
• DELICIOUS
• REDDIT
• NEWSVINE