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Investing.com -- Mony Group, previously known as Moneysupermarket.com, has announced a share buyback of up to 30 million pounds ($37.8 million) following a rise in pretax profit for 2024.
The company reported on Monday that its pretax profit increased to 108.7 million pounds for the year, up from 92.1 million pounds in 2023.
The company's adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) also saw a 7% increase, rising to 141.8 million pounds.
The company's revenue for the year also increased, rising to 439.2 million pounds from 432.1 million pounds in 2023.
Looking forward, Mony Group forecasts its adjusted EBITDA for the coming period to be broadly in line with the consensus of 147.0 million pounds, within a range of 143.1 million pounds to 151.7 million pounds. The company also expects that any operating cost inflation, excluding depreciation and amortization, will be largely offset by its cost efficiency measures.
Mony Group's board declared a final dividend of 9.2 pence per share, an increase from the 8.9 pence per share in 2023, bringing the full-year dividend to 12.5 pence a share.
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