January 30, 2023
Harvest Expertise p l c : Approval of Interim Dividend and Enterprise Replace


COMPANY ANNOUNCEMENT

Harvest Expertise p.l.c.

Approval of Interim Dividend and Enterprise Replace

Date of Announcement

2 December, 2022

Reference No:

39/2022

Capital Markets Rule:

5.16.4

QUOTE

Declaration of interim dividend

The Board of Administrators of Harvest Expertise p.l.c. (C-63276) (the “Firm”) hereby proclaims that, having thought of the place of the Firm by reference to the interim monetary statements for the monetary interval ended 30 June, 2022 permitted and revealed on 5 August, 2022 (vide announcement HRV35) in addition to the administration accounts of the Firm as at 31 October, 2022, it has resolved to distribute an interim web dividend of €227,806 (topic to rounding), equal to €0.01 per share (having a nominal worth of €0.50 per share) (the “Dividend”). Shareholders showing on the Firm’s register of members maintained by the Central Securities Depository of the Malta Inventory Change as at shut of enterprise on 9 December, 2022 shall be entitled to obtain their respective share of the Dividend. Cost of the Dividend shall be effected on or round 20 December, 2022.

Enterprise Replace

On 3 June 2022 (vide announcement HRV 30) the Firm highlighted the important thing challenges impacting the monetary efficiency of the present 12 months, significantly regulatory modifications, the struggle in Ukraine, provide chain points and rising inflation. The modifications within the regulation of on-line gaming throughout a number of jurisdictions are having a unfavourable impression on the Cost Processing Providers enterprise, and administration has taken a number of measures to mitigate this danger by additional diversifying the shopper combine in direction of different sectors. Within the second half of 2022, the Firm’s subsidiaries PTL Restricted (C-3545) and Apco Restricted (C-8724) had been significantly affected by delays within the awards of a number of multi-million

Euro contracts which had been anticipated to begin in 2022 however will now begin in 2023. While it’s optimistic that such contracts have been secured for the approaching 12 months, the mentioned delays inevitably had a unfavourable impression on the present 12 months’s efficiency of the Harvest group.

Primarily based on the continued evaluation of the group’s efficiency and contemplating the continued persistence of the beforehand highlighted challenges, revenue earlier than tax for the 12 months is anticipated to be decrease than beforehand projected. In gentle of the aforesaid, the Board resolved to distribute an interim dividend amounting to €0.01 per share.

Regardless of a difficult macroeconomic surroundings, the Firm continues to speculate fastidiously in its working subsidiaries with a view to strengthening their market place and driving additional progress, and its drive to pursue acquisitions and broaden internationally continues to be a key strategic focus.

UNQUOTE

Dr Malcolm Falzon

Firm Secretary

Disclaimer

Harvest Expertise PLC revealed this content material on 02 December 2022 and is solely chargeable for the knowledge contained therein. Distributed by Public, unedited and unaltered, on 02 December 2022 14:53:03 UTC.

Publicnow 2022

All information about HARVEST TECHNOLOGY P.L.C.

Gross sales 2021 15,7 M
16,5 M
16,5 M
Web earnings 2021 2,69 M
2,83 M
2,83 M
Web money 2021 2,19 M
2,30 M
2,30 M
P/E ratio 2021 12,3x
Yield 2021 3,03%
Capitalization 28,5 M
29,9 M
29,9 M
EV / Gross sales 2020 1,76x
EV / Gross sales 2021 1,96x
Nbr of Staff 125
Free-Float 40,0%

Chart HARVEST TECHNOLOGY P.L.C.



Period :


Interval :




Harvest Technology p.l.c. Technical Analysis Chart | MarketScreener

Revenue Assertion Evolution


Leave a Reply