{"id":26382,"date":"2023-06-23T04:57:00","date_gmt":"2023-06-23T08:57:00","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/speedy-hire-fy-2023-pretax-profit-slumps-on-impairments-raises-dividend\/"},"modified":"2023-06-23T04:57:02","modified_gmt":"2023-06-23T08:57:02","slug":"speedy-hire-fy-2023-pretax-profit-slumps-on-impairments-raises-dividend","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=26382","title":{"rendered":"Speedy Hire FY 2023 Pretax Profit Slumps on Impairments; Raises Dividend"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"MW-BT-CO-20230622-701784\" role=\"document\">\n<p>By Michael Susin<\/p>\n<pre><\/pre>\n<p>Speedy Hire said Thursday that its pretax profit for fiscal 2023 fell sharply on exceptional costs, but raised its dividend payout, and named Paul Rayner as its permanent chief financial officer.<\/p>\n<div class=\"paywall\">\n<p>The U.K. tools, equipment and plant-hire services company said pretax profit for the year ended March 31 was 1.8 million pounds ($2.3 million) compared with GBP29.1 million a year ago. The fall was caused by exceptional costs of GBP28.5 million, mainly driven by an asset impairment.<\/p>\n<p>Revenue, however, rose to GBP440.6 million from GBP386.8 million.<\/p>\n<p>The board declared a final dividend of 1.80 pence a share, bringing the total dividend to 2.60 pence a share, an 18% increase from fiscal 2022.<\/p>\n<p>The company is confident of its fiscal 2024 targets given recent key contract wins and extensions, as well as having a strong pipeline, it said.<\/p>\n<p>In a separate statement, Speedy Hire said that Rayner, who has more than 25 years of experience in senior financial roles, has been appointed permanent CFO with effect from July 1. Rayner had joined the group as interim CFO in November.<\/p>\n<pre><\/pre>\n<p>Write to Michael Susin at michael.susin@wsj.com<\/p>\n<pre><\/pre>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/speedy-hire-fy-2023-pretax-profit-slumps-on-impairments-raises-dividend-e4d412c5?mod=investing\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Michael Susin Speedy Hire said Thursday that its pretax profit for fiscal 2023 fell sharply on exceptional costs, but raised its dividend payout, and named Paul Rayner as its permanent chief financial officer. The U.K. tools, equipment and plant-hire services company said pretax profit for the year ended March 31 was 1.8 million pounds [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1898,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-26382","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Speedy Hire FY 2023 Pretax Profit Slumps on Impairments; Raises Dividend | iFintechWorld<\/title>\n<meta name=\"description\" content=\"By Michael Susin Speedy Hire said Thursday that its pretax profit for fiscal 2023 fell sharply on exceptional costs, but raised its dividend payout, and\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=26382\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Speedy Hire FY 2023 Pretax Profit Slumps on Impairments; Raises Dividend | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"By Michael Susin Speedy Hire said Thursday that its pretax profit for fiscal 2023 fell sharply on exceptional costs, but raised its dividend payout, and\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=26382\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-23T08:57:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-23T08:57:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/mw_logo_social.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=26382#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=26382\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Speedy Hire FY 2023 Pretax Profit Slumps on Impairments; Raises Dividend\",\"datePublished\":\"2023-06-23T08:57:00+00:00\",\"dateModified\":\"2023-06-23T08:57:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=26382\"},\"wordCount\":195,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Investing\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=26382#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=26382\",\"url\":\"https:\/\/ifintechworld.com\/?p=26382\",\"name\":\"Speedy Hire FY 2023 Pretax Profit Slumps on Impairments; Raises Dividend | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-06-23T08:57:00+00:00\",\"dateModified\":\"2023-06-23T08:57:02+00:00\",\"description\":\"By Michael Susin Speedy Hire said Thursday that its pretax profit for fiscal 2023 fell sharply on exceptional costs, but raised its dividend payout, and\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=26382#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=26382\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=26382#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Speedy Hire FY 2023 Pretax Profit Slumps on Impairments; Raises Dividend\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Speedy Hire FY 2023 Pretax Profit Slumps on Impairments; Raises Dividend | iFintechWorld","description":"By Michael Susin Speedy Hire said Thursday that its pretax profit for fiscal 2023 fell sharply on exceptional costs, but raised its dividend payout, and","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=26382","og_locale":"en_US","og_type":"article","og_title":"Speedy Hire FY 2023 Pretax Profit Slumps on Impairments; Raises Dividend | iFintechWorld","og_description":"By Michael Susin Speedy Hire said Thursday that its pretax profit for fiscal 2023 fell sharply on exceptional costs, but raised its dividend payout, and","og_url":"https:\/\/ifintechworld.com\/?p=26382","og_site_name":"iFintechWorld","article_published_time":"2023-06-23T08:57:00+00:00","article_modified_time":"2023-06-23T08:57:02+00:00","og_image":[{"width":1200,"height":630,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/mw_logo_social.png","type":"image\/png"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=26382#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=26382"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Speedy Hire FY 2023 Pretax Profit Slumps on Impairments; Raises Dividend","datePublished":"2023-06-23T08:57:00+00:00","dateModified":"2023-06-23T08:57:02+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=26382"},"wordCount":195,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Investing"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=26382#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=26382","url":"https:\/\/ifintechworld.com\/?p=26382","name":"Speedy Hire FY 2023 Pretax Profit Slumps on Impairments; Raises Dividend | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-06-23T08:57:00+00:00","dateModified":"2023-06-23T08:57:02+00:00","description":"By Michael Susin Speedy Hire said Thursday that its pretax profit for fiscal 2023 fell sharply on exceptional costs, but raised its dividend payout, and","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=26382#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=26382"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=26382#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Speedy Hire FY 2023 Pretax Profit Slumps on Impairments; Raises Dividend"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/26382","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=26382"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/26382\/revisions"}],"predecessor-version":[{"id":26383,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/26382\/revisions\/26383"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/1898"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26382"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26382"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26382"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}