Ideagen plc reported unaudited consolidated results for the six months ended October 31, 2014. For the period, the company reported revenue of £5.653 million compared to £3.704 million a year ago. Profit from operating activities before depreciation, amortisation, share based payment charges and exceptional items was £1.457 million against £1.192 million reported last year. Profit from operating activities was £0.451 million against £0.509 million reported last year. Profit before taxation was £0.453 million against £0.515 million reported last year. Net profit for the year was £0.378 million or £0.29 per diluted share against £0.378 million or £0.30 per diluted share reported last year. Net cash generated by operating activities was £0.401 million against net cash used in operating activities of £0.124 million last year. Payments for property, plant and equipment was £0.065 million against £0.030 million reported last year. Adjusted earnings for the year were £1.087 million or £0.84 per diluted share against £0.889 million or £0.70 per diluted share reported last year. Adjusted profit before taxation was £1.291 million compared to £1.094 million a year ago. Adjusted EBITDA increased by 23% to £1.46 million compared to £1.19 million a year ago.

The Directors of company intend to increase the interim dividend by 10% to 0.055 pence per share, compared with 0.05 pence per share for the same period a year ago. The dividend will be paid on 11 March 2015 to shareholders on the register on 20 February 2015. The corresponding ex-dividend date is 19 February 2015.

The Board is confident that the Group's momentum and enhanced scale following the Gael acquisition will continue to deliver strong and profitable growth in 2015 and beyond.