(Alliance News) - Market data software firm Arcontech Group PLC said Friday it expects results for the six months to December 31 to be in line with management expectations.
The company is penned to report its interim results on March 5.
In the year ended June 30m the company posted a GBP1.1 million pretax profit for its year to June 30, well above its GBP575,632 profit the year before. This was due largely to a 20% increase in revenue to GBP3.0 million from GBP2.5 million.
For the six months to the end of 2018, Arcontech posted pretax profit of GBP452,756, compared to GBP237,581 a year ago. Revenue jumped 13% year-on-year to GBP1.4 million from GBP1.2 million, reflecting growth in recurring annual licence fees.
Arcontech shares closed 3.1% lower in London at 173.00 pence each on Friday.
By Loreta Juodagalvyte; loretajuodagalvyte@alliancenews.com
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Arcontech Group (ARC)