Touchstar plc (GB:TST) has released an update.
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Touchstar plc, a provider of mobile data computing solutions and managed services, has reported a robust financial performance for the year ending 31 December 2023, with a 7.1% increase in total revenue and a 60% surge in pre-tax profit. The company has also become tax paying, with profits after tax up by 14.5%, and has announced a total dividend of 2.5p per share, rewarding shareholders after a year of no dividends. Touchstar’s strategic focus on recurring revenue growth, operational efficiency, and overseas expansion has underpinned its strong results, with the Board remaining confident in the company’s future prospects.
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