Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Electronic and surveillance technology solutions Cohort raised its interim dividend on confidence in its outlook despite reporting wider first-half losses as revenue was hurt by the impact of COVID-19 in the final quarter of the year.
For the six months ended 31 October, pre-tax losses widen to £370 million from £3 million year-on-year as revenue fell to £54.4 million from £60.2 million.
The company proposed to increased its interim dividend by 9% to 3.50 pence per share.
The increase reflected the 'board's confidence in the outlook for Cohort and its commitment to a progressive dividend policy,' the company said.
Looking ahead, the company said it expected its performance in 2020/21 would be in line with market expectations.
At 8:26am: (LON:CHRT) Cohort PLC share price was 0p at 589p