London, UK — News Direct — Team Internet Group PLC
Team Internet Group Chief Financial Officer Billy Green highlighted the company’s significant achievements in 2023, viewing it as a landmark year.
Green told Proactive’s Stephen Gunnion that the company reported strong growth in revenue and profits across all metrics, with operating profit of £42.3m, up 26% on 2022. Notably, Team Internet achieved an impressive profit after tax of £24.3 million. The company returned to profit from a loss of £2.1m the previous year. This success reflects the company’s long-term strategy to achieve true profitability and shareholder value.
Factors driving this performance include effective partnerships in the ad technology ecosystem, leveraging industry trends and commitment to quality in the online business space, resulting in profitability exceeding industry standards.
Additionally, Team Internet proposed doubling its dividend from 1p to 2p per share and plans to continue its share buyback program, demonstrating its strong financial position and commitment to returning value to shareholders.
Looking ahead, while not providing specific forecasts for 2024, Green expressed confidence that it can meet market expectations and will release first-quarter results in May to provide further insight into its performance trajectory.
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View source version on newsdirect.com: https://newsdirect.com/news/team-internet-celebrates-milestone-year-with-strong-2023-financial-performance-doubles-dividend-650742081