Harvest Technology p l c : Approval of Interim Financial Statements and Declaration of Interim Dividend
August 05, 2022 at 10:36 am EDT
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COMPANY ANNOUNCEMENT
Harvest Technology p.l.c.
Approval of Interim Financial Statements and
Declaration of Interim Dividend
Date of Announcement
5 August 2022
Reference No:
35/2022
Capital Markets Rules:
5.16.4/5.16.20
QUOTE
Approval of interim financial statements
Further to the meeting of the Board of Directors of Harvest Technology p.l.c. (C 63276) (the "Company") held today the 5 August, 2022, the Board of Directors of the Company approved the Company's interim financial statements for the six-month period ended 30 June, 2022. A copy of the Company's interim financial statements is attached to the present company announcement and may also be viewed on the Company's website on https://harvest.tech/financial-statements/.
Interim dividend
The Board of Directors also announces that it has resolved to distribute an interim net dividend of €455,613 (subject to rounding), equivalent to €0.020 per share (the "Dividend"). Shareholders of the Company appearing on the Company's register of members maintained by the Central Securities Depository of the Malta Stock Exchange as at close of business on 19 August 2022 shall be entitled to receive their respective share of the Dividend. Payment of the Dividend shall be effected by not later than 31 August 2022.
Update to the market
The Board of Directors notes that the unaudited consolidated net profit before tax of the Company and its subsidiaries (the "Group") in H1, 2022 amounted to €1,105,383.
Based on updated forecasts, and as detailed in the company announcement published on 3 June, 2022 (HRV30), the Group is expected to achieve higher revenues in 2022 versus prior year and profit before tax for the year is expected to be around the €3 million mark. That said, whilst the Group will strive to meet the budgeted projections for 2022, The Board of Directors is conscious of the fact that projected performance may be impacted by the challenges which the Group is currently experiencing, particularly as a result of: increased scrutiny from a regulatory perspective in the payment processing services segment; additional licensing requirements mandated on operators in online gaming; increasing costs due to inflation; delays at operational level resulting from supply chain issues; and delays in awards of certain contracts within the retail and IT services segment.
UNQUOTE
Malcolm Falzon
Company Secretary
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Harvest Technology PLC published this content on 05 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 August 2022 14:35:23 UTC.
Harvest Technology p.l.c. is a Malta-based holding company. The Company is mainly involved in the sale, maintenance and servicing of information technology solutions, security systems, and to provide electronic payments solutions. The Company provides multi-brand information technology solutions to businesses and the public sector. In addition, it is a payments solutions provider offering e-commerce processing services for retailers and internet-based merchants together with the provision of a range of automation and security solutions catering to the banking, retail, law enforcement and other sectors. It operates two business activities, which are the sale of payment processing services and the provision of IT solutions and security systems. The Companyâs subsidiaries are PTL Ltd, APCO Systems Ltd and APCO Ltd. PTL Limited provides information technology solutions to clients based on its expertise in hardware infrastructure and software business applications.
HARVEST TECHNOLOGY P.L.C. 
