IN BRIEF: Quartix Technologies boosts dividend as profit rises

Quartix Technologies PLC - Cambridge, England-based supplier of subscription-based vehicle tracking systems, software and services - Pretax profit rises to £6.3 million in the financial year to December from £5.1 million a year prior, as revenue climbs to £32.4 million from £29.9 million. Doubles final dividend to 3.00 pence per share from 1.5p, taking the full-year payout to 4.50p, up from 3.00p a year ago.

Executive Chair Andy Walters, says: ‘2025 has started on a strong note: new installations reached a significant new milestone in January and customer acquisition rates have further increased. This positive momentum, coupled with growth opportunities across all six territories, underpins our confidence in the outlook for 2025, during which we believe we will increase our recurring revenues and adjusted profit before tax by approximately 10%. We will provide a further detailed trading update in early April.’

Current stock price: 175.00 pence, up 11% in London on Monday

12-month change: down 7.7%

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