MTI achieved good growth across both divisions and the proposed dividend and cash were both substantially ahead of forecast. FY17 results were slightly better than forecast that were trimmed on the back of October’s trading update. Revenue increased 13% to $26.4m (ACLe: $25.8m) with Mottech wireless controllers +11% to $13.1m and Antenna +16% to $13.3m. Margins remained stable but a $0.3m positive swing in interest and the increased revenue resulted in PBT +35% to $1.6m (ACLe: $1.5m) and EPS +30 ....
16 Feb 2018
Balanced growth and dividend outperformance
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Balanced growth and dividend outperformance
MTI Wireless Edge Ltd (MWE:LON) | 42.0 -0.4 (-2.3%) | Mkt Cap: 36.8m
- Published:
16 Feb 2018 -
Author:
David Johnson -
Pages:
5
MTI achieved good growth across both divisions and the proposed dividend and cash were both substantially ahead of forecast. FY17 results were slightly better than forecast that were trimmed on the back of October’s trading update. Revenue increased 13% to $26.4m (ACLe: $25.8m) with Mottech wireless controllers +11% to $13.1m and Antenna +16% to $13.3m. Margins remained stable but a $0.3m positive swing in interest and the increased revenue resulted in PBT +35% to $1.6m (ACLe: $1.5m) and EPS +30 ....