LONDON (Alliance News) - Craneware PLC Tuesday expressed confidence in its second half and beyond as it reported a rise in interim pretax profit.
The software provider for the US healthcare market proposed an interim dividend of 7.5 pence, up from 6.3 pence the year before.
For the half year to end-December the company reported a pretax profit of USD6.1 million, up from USD5.3 million a year before, as revenue rose 7% to USD23.1 million from USD21.6 million.
Revenue growth was helped by an increase in the value of new sales contracts signed, which were up 15% compared to the previous year.
Following the half year end the Craneware inked a deal worth over USD7.5 million over its initial five year term with an undisclosed operator of 50 US hospitals.
Craneware said it is confident in meeting market expectations for its full year, and delivering "significant growth".
"Major changes in reimbursement and care delivery models have made understanding and reducing the cost of care, while providing quality patient outcomes, mission-critical for every healthcare provider in the US. With 50% of healthcare payments anticipated to have a value-based component by 2018, our offerings are expanding to meet the challenges of this value-driven healthcare market and pioneer the value cycle," said Chief Executive Keith Neilson.
We are confident that our position as a trusted financial performance partner will strengthen and provide us with the opportunity for accelerated long term growth," he added.
Shares in Craneware were up 2.6% at 769.23 pence Tuesday morning.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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Craneware (CRW)