Bytes Tech Share News (BYIT)

Bytes Tech Information

Share Price Information for Bytes Tech (BYIT)

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367.20 -14.40 (-3.77%)

Bid:

367.20

Ask:

368.20

Spread: 1.00 (0.272%)

Market Cap: £864.12m

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IN BRIEF: Bytes Technology sees "strong" performance in first half

Thu, 19th Sep 2024 08:33

Bytes Technology Group PLC - Surrey, England-based computer software - Expects to deliver a "strong" performance in the first half that ended August 31. Says gross invoiced income and adjusted operating profit growth was "comfortably" in the double digits at 14%, respectively, for the first six months. Gross profit growth was 9%.

Net cash position as at August 31 was GBP71.5 million, after paying GBP35.3 million in final and special dividends. Cash conversion reflects normal weighting to the second half, with strong cash conversion expected for the full year, it says. Bytes expects to release its half-year financial results on October 15.

Stock price in London: 496.80 pence

12-month change: up 5.0%

Stock price in Johannesburg: ZAR114.41

12-month change: up 4.2%

By Artwell Dlamini, Alliance News reporter

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