LONDON (Alliance News) - iEnergizer Limited said Friday that its trading is in line with market expectations for the full year despite posting a decline in pretax profit in the first half, as higher revenues were offset by weaker operating margins.
iEnergizer is a holding company whose subsidiaries focus on digital publication, business process outsourcing, and call centre operations.
For the half year ended September 30 pretax profit was USD11.6 million, down from USD12.9 million in the previous year period. Profit was squeezed by operating margins narrowing to 23.1% from 23.7%.
iEnergizer posted revenue of USD72.8 million, up from USD72.1 million in the previous year. In the company's content-delivery business revenue grew 9.8%. Its real-time processing business revenues grew revenue 24%, offsetting a 27% decline in revenues from the company's back-office services division.
The company said that it had a pipeline of new contracts that it had won during the period, a number of which are expected to begin in the second half.
iEnergizer did not propose an interim dividend, as it is looking to pay down debt that resulted from the financing of its acquisition of Aptara Inc. in 2012.
Shares in iEnergizer Limited were trading down 1.00 pence at 213.00 pence.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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