LONDON (Alliance News) - Universe Group PLC Monday reported higher profits and revenues for the first half of the year, as the company's recent investments in its products and the sales team paid off.
The payments and on-line loyalty programme company reported a pretax profit of GBP716,000 for the six months to end-June, up from GBP479,000 a year earlier, as revenues grew to GBP6.6 million, from GBP5.4 million.
"The directors are confident that the group will continue to improve its performance and remain optimistic about the prospects for the full year and beyond," it said in a statement.
Universe Group shares were up 12% at 5.6 pence early Monday, one of the biggest increases on AIM.
By Steve McGrath; stevemcgrath@alliancenews.com; @SteveMcGrath1
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