Source - Alliance News

Fintel PLC - Huddersfield, England-based technology and support provider for the retail financial services sector - Joint-Chief Executive Officer Matt Timmins on Tuesday buys 66,339 shares for 194.0 pence each. Total value is £128,698. Non-Executive Director Phil Smith also on Tuesday buys 81,214 shares for 197.0p each. Total value is £159,992. Two further direct dealings, each valued at less than £50,000, were also made in share purchases by Joint-Chief Executive Officer Neil Stevens and Non-Executive Director Tim Clarke.

On Tuesday, Fintel reported 2022 revenue of £66.5 million, increasing 4.1% from £63.9 million in 2021. The company said the revenue increase was driven by the resilience of its membership and subscription-based operating model. Pretax profit was £12.4 million, down 38% from £19.9 million a year ago, while earnings per share fell to 9.5 pence from 15.7p. The company said 2021 benefited from exceptional gains of £7.8 million. Fintel declared a final dividend of 2.25 pence per share, bringing the total dividend for 2022 to 3.25p, increasing from 3.000p in 2021. The company said the dividend increase reflects its strong business performance.

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