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Redcentric PLC - Harrogate, North Yorkshire-based IT managed services - Pretax profit rises 23% to GBP2.8 million in the six months that ended September 30 from GBP2.3 million a year before, despite a 4.1% decline in revenue to GBP44.3 million from GBP46.2 million. Holds interim dividend flat at 1.2 pence per share. Says full-year results will be in line with expectations. It remains on the look-out for acquisitions, following its purchase of Piksel Industry Solutions Ltd for USD13.0 million in September.
"The business continues to perform well and is trading significantly ahead of the pre-Covid period," says Chief Executive Officer Peter Brotherton, adding: "The sales pipeline is slowly recovering, and the increasing number of customer interactions is encouraging."
Also hires Nick Bate as independent non-executive chair, having announced back in July that Ian Johnson was stepping down. Bate joins board and Johnson departs immediately. Bate is a chartered management accountant who most recently was on the board of IT services peer Nasstar PLC.
Current stock price: 127.65 pence, down 1.2% on Thursday
Year-to-date change: up 4.6%
By Tom Waite; thomaslwaite@alliancenews.com
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