PTRO.L Share News (PTRO)

(Sharecast News) - Pelatro saw profits and revenues improve in the first half of its trading year after the group won its biggest contract to date.Revenues shot up 53% to $2.38m for the six months ended 30 June, helping Pelatro increase pre-tax profits 24% to $1.2m and EBITDA 42% to $1.47m.The AIM-listed firm, which secured its largest contract from the Swedish telco group Tele2 during the period, saw earnings per share drop to 4.4 cents each from the 5.1 cents turned in a year earlier, reflecting new shares issued pre IPO.Net cash more than tripled to $1.6m.Pelatro's non-executive chairman Richard Day said: "Since our AIM flotation at the end of last year, we have maintained momentum, with an expanded customer base, a significant acquisition and an enhanced product offering.""Our current trading is in line with expectations and we look forward with confidence with a strong pipeline of sales opportunities currently under negotiation."As of 0940 BST, Pelatro shares had ticked ahead 1.32% to 84.60p.