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(Alliance News) - Customer engagement software provider Netcall PLC on Thursday reported a first half revenue rise but saw profit fall through costs related to an acquisition it completed in August 2017.
Revenue in the six months to December 31 was 8.0% higher at GBP12.3 million from GBP11.4 million the year prior. Pretax profit was down by 67% to GBP136,000 from GBP415,000.
Netcall added: "Profit before tax was GBP140,000 after accounting for acquisition related items and interest on borrowings taken out to fund the acquisition of MatsSoft in August 2017 and higher depreciation and amortisation of capitalised development."
Adjusted earnings before interest, taxes, depreciation, and amortisation were up 5.0% year-on-year to GBP2.1 million from GBP2.02 million.
Netcall said: "The group has traded in line with the board's expectations for the year to date and the forward visibility of revenue continues to grow. The board noted an increase in business confidence towards the end of the period and it continues to monitor the trading environment with regards to the timing of sales contracts.
"We have entered the second half of the year with a healthy sales pipeline, which combined with our financial position and continuing investment in our business and people, provide the board with confidence in the prospects of the group."
Shares in the company were 5.4% lower at 35.00 pence each in London on Thursday afternoon.
By Eric Cunha; ericcunha@alliancenews.com
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