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Castleton Technology Half-Year Revenue And Profit Grow More Than 10%

Tue, 09th Oct 2018 11:03

LONDON (Alliance News) - Castleton Technology PLC said Tuesday that revenue and earnings grew organically "in excess" of 10% in the first half of its financial year.

The company said that its half-year performance, for the period ended September 30, supports "a full year performance in line with market expectations".

Furthermore, the software provider said it reduced debt to GBP5.3 million from GBP6.3 million at the end of March.

Chief Executive Officer Dean Dickinson said: "I am very pleased with the progress Castleton has made in the period and, as such, the group remains on course to meet expectations for the full year.

"We remain very confident about Castleton's future prospects."

Shares in the company were trading down 0.5% at 100.00 pence each.

Castleton will report its half-year results on November 6.

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