Net debt rises at IT company Micro Focus International

Net debt rose to 193.9m dollars on January 31st from 96.2m dollars at the end of the preceding quarter at software and information technology business Micro Focus International.

Net debt rose to 193.9m dollars on January 31st from 96.2m dollars at the end of the preceding quarter at software and information technology business Micro Focus International.

In an interim management statement for the period from October 31st to February 21st, the company reported that trading had been "in line with management expectations".

It described an adverse movement in currency rates in the period compared to the same period last year such that the year-to-date currency impact was broadly neutral as compared to a $3.6m currency gain last year.

The company said that the return of value to shareholders of 50p per share totalling $130m together with the interim dividend of 7.4p per share at a cost of $18m.

MF

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