London, UK –News Direct– Team Internet Group PLC
Team Internet Group Chief Financial Officer Billy Green highlights the company's significant achievements as 2023 marks a milestone year.
Mr Green told Proactiv's Stephen Gagnon that the company reported strong sales and profit growth across all measures, with operating profits of £42.3m, up 26% on 2022. In particular, Team Internet achieved an impressive after-tax profit of £24.3 million. This was a recovery from a loss of £2.1m the previous year. This success reflects the company's long-term strategy to deliver substantial profitability and shareholder value.
Factors driving this performance include effective partnerships in the ad tech ecosystem leveraging industry trends and a commitment to quality in the online presence segment, resulting in profitability exceeding industry standards.
In addition, Team Internet has proposed doubling its dividend from 1p to 2p per share and plans to continue its share buyback program, underscoring its financial health and commitment to returning value to shareholders. Shown.
Looking ahead, although no specific predictions have been made for 2024, Mr. Green has expressed confidence that he will meet market expectations, announcing first-quarter results in May and providing an update on the company's performance trajectory. We look forward to providing further insight.
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