(Boursier.com) — The turnover of DNXcorp in the 1st half of 2022 amounted to 9.8 million euros, down -4.6% compared to the 1st half of 2021.
The group’s operating profit amounted to €2 million, up sharply by +13.1% compared to the 1st half of 2021. The operating margin stood at 20.3% of revenue (17.1% on the ‘Previous exercice). The operating margin increased due to the reduction in advertising expenditure on Google which, following a change in campaign distribution policy, has since September 2021 been broadcasting the sector’s campaigns to a smaller, but more qualified audience.
Net income amounted to 1.9 ME, down -12.6% over one year (2.17 ME at June 30, 2022). Net profitability group share decreased slightly to 19.4% of revenue (21.2% in the 1st half of 2021). This decrease is mainly explained by the exceptional financial income of 466 kE recorded during the 1st half of 2021, linked to the capital gain on the sale of Syscommerce shares.
Cash, less current financial liabilities, stood at €6.5 million at June 30. The Group remains free of any bank loan.
No interim dividend
Contrary to its historical policy, the Group will not distribute an interim dividend. The Group’s cash flow was indeed impacted by the takeover of the company PK Multimédia, on September 9, involving an initial payment of 4 ME on the signing of the protocol.
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