Alternative asset and corporate administration services provider Sanne has announced its results for the year ended 31 December 2017.
• Group revenue increased 77 per cent to £113.2m (2016: £63.8m)
• Underlying operating profit increased 76 per cent to £38.8m (2016: £22.0m)
• Underlying profit before tax increased 79 per cent to £38.1m (2016: £21.3m)
• Operating profit increased 57 per cent to £23.1m (2016: £14.7m)
• Profit before tax increased 49 per cent to £22.4m (2016: £15.0m)
• Diluted Earnings Per Share (EPS) at 12.7 pence (2016: 11.3 pence), underlying diluted EPS 23.7 pence (2016: 16.9 pence)
• Recommending final Dividend Per Share (DPS) of 8.4 pence, bringing total dividend for the year to 12.6 pence, inclusive of the previously paid 4.2 pence interim dividend (2016: 9.6 pence in total)
The company has also announced two key appointments:
• Jersey-based Spencer Daley (pictured), who has held the post of Chief Financial Officer at Sanne for the past four years, becomes Head of M&A and Strategy and will step down from the board in June.
• James Ireland succeeds Spencer as Chief Financial Officer, and will join Sanne in June from Investec, where he has been leading the Support Services Sector team.