Sanderson Group PLC (LON:SND) upped its half year dividend by 11% as it picked up substantial amounts of new business.
The supplier of enterprise software to Hotel Chocolat, Scotts of Stow and football club Spurs lifted revenues by 8% overall to £9.9mln in the six months to March, with orders also sharply higher.
Profits rose by 14% to £1.03mln, with cash generated over the period also strong.
Ian Newcombe, chief executive, said the general economic environment had improved with a ‘very high level of business’ from new customers especially toward the end of the half when ten new customers placed orders worth just over £2mln.
The order book at the end of the period was worth £3.2mln, up from £2.35mln six months earlier.
Recurring revenue from pre-contracted licence and ongoing support services grew to £5.19 mln (2015: £4.76 mln) or 53% of the total.
The interim dividend rose 11% to 1p.
Shares added 1% to 83.5p.