Gamma Communications PLC

Gamma Communications PLC (LSE: GAMA) is an FTSE AIM UK 50 Index quoted technology-based provider of communication services in Western Europe. GAMA is a leading provider in the UK, Spanish, German, and Dutch business markets.

Financial Highlights (for the Full Year ended 31 December 2022, released on 21 March 2023)

• Improved Revenue: The company reported revenue of GBP 484.6 mn in FY22 versus GBP 447.7 mn in FY21, which increased majorly due to the highest ever-recurring revenue recorded, which was 89% of the total revenue, also the sales from the UK Indirect channels rose by approx. 10% to GBP 295.9 mn in FY22.
• Higher Gross Profit: The gross profit rose to GBP 247.7 mn in FY22 as compared to GBP 228.5 mn in FY21, on account of higher revenue majorly offset the slight increase in the cost of sales of GBP 236.9 mn in FY22 as compared to the cost of sales of GBP 219.2 mn in pcp, yielding higher Gross Profits.
• Dividend declaration: The management will propose a final dividend of GBX 10.0 per share at the 2023 Annual General Meeting which will need approval. Also, the total amount of dividend proposed for FY22 is GBX 15.0 per share.
• Outlook: The management is optimistic to achieve continuing results in the coming year and the company is investing in research and development of products and solutions suitable to cater to the needs of the various business of different sizes.

Share Price Chart

Markets are trading in a highly volatile zone currently due to certain macroeconomic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

Gamma Communications PLC (LSE: GAMA) closed at GBX 1,092.00 (as of 22 March 2023).

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is 22 March 2023. The reference data in this report has been partly sourced from REFINITIV.

Note 3: ‘Kalkine reports are prepared based on the stock prices captured either from the London Stock Exchange (LSE) and or REFINITIV. Typically, both sources (LSE and or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.’

Note 4: Dividend Yield may vary as per the stock price movement.

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