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Stilo International

  • BY: Andrew Hore |
  • POSTED: 12/09/2013 |

Content conversion software supplier Stilo International is paying a maiden dividend.

Stilo is paying an interim of 0.02p a share plus a special dividend of 0.1p a share. The company is able to do this following a capital reorganisation. The long-term policy is to maintain a steady and progressive dividend that is well covered. The proposed dividend will cost £132,000, with the ongoing element costing £22,000. Net cash was £1.04m at the end of June 2013.

In the six months to June 2013, revenues improved from £702,000 to £733,000 and pre-tax profit jumped from £2,000 to £72,000 – which is more than for the whole of 2012. 

An upgrade order for content processing platform OmniMark from the Japan Patent Office boosted the first half figures. Cloud XML content conversion service Migrate has added customers in the period.

At 4.38p a share, up 0.25p, Stilo is valued at £4.81m.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFAugust2013_47.pdf

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