Kainos lifts dividend as interim profits double

IT provider Kainos lifted its dividend as half-year profits doubled, driven by a strong rise in revenue at its healthcare unit which has been helping the NHS with its Covid-19 test and trace programme.

The company on Monday, said pre-tax profits came in at £24m from £12m on revenue up 23% to £107.2m. The interim dividend was lifted 83% to 6.4p a share.

Healthcare revenues increased 75% to £17m.

Kainos said it had been “heavily involved” in supporting the NHS response to the challenges of Covid-19, including the Isolation Note service from NHS Digital, NHS Home Testing and managing the successful delivery of track and trace.

“We anticipate that Covid-19 will continue to accelerate the already strong demand from customers for digital transformation and workday services as organisations adapt to the changes that the pandemic has brought,” the company said.