Source - SMW
Ingenta reports further margin improvements during the year ended 31 Dec with adjusted EBITDA increasing to at least £1.4m.

 The group - a leading software and service provider to the publishing and media industry - said revenues for the year were also in line with management expectations, and it had net cash balances at year-end of £2.1m.

The board confirmed its intention to pay a dividend of 1.5 pence per ordinary share for the 2017 financial year.

Chief executive David Montgomery said: 'We are pleased by the significant progress on operational efficiency and profitability that we have seen over the course of the year and are confident we have the right team and product offering to propel the business through the next stage of its growth.'

Ingenta  also said that  it would seek shareholder approval for a proposed capital reduction of the company's share premium account at a general meeting  on 19 Feb.