Business process outsourcing firm, Innovation Group, bounced back into the black in the six months to 31 March, with pre-tax profits of £4.26m
In the same period last year the company racked up £1.03m in losses and a £1.7m loss for the full year to the end of September.
The board said it was confident in meeting full year expectations after strong growth in software revenue and high profile business process outsourcing wins, including a deal to provide maintenance, repair and servicing for Tesco Cars customers.
Innovation reported earnings per share of 0.22p and said it had a cash pile of £29m.
Chief executive, Andy Roberts, said he was particularly pleased with the performance of the group in the first half.
"We have seen a return to strong organic growth and improved margins," he said.
"This, and the early success of our recently launched Insurer software gives the board confidence in meeting full year expectations."
Innovation Group, a global provider of business process services and software solutions to the insurance and property industries has announced the re-signing of a contract in South Africa with the insurer of one of South Africa's top four banks. [9 May '13]
Revenue at international business process services provider Innovation Group rose 10 per cent in the year ending September 30th, according to preliminary results published by the group on Wednesday. [5 Dec '12]
Datafeed and UK data supplied by NETbuilder and Interactive Data.
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