(Alliance News) - Craneware PLC on Monday maintained a positive outlook for its full-year after declaring a double-digit interim profit increase.
Craneware is an Edinburgh, Scotland-based provider of software solutions helping to improve financial performance in the US healthcare market.
Pretax profit rose 13% to USD5.9 million in the first half ended December 31, from USD5.2 million the year before. This was driven by a 7.7% increase in revenue to USD91.2 million from USD84.7 million the previous year.
Craneware declared an interim dividend of 16.51 US cents, or 13.0 pence per share, up 4.0% from 12.5p a year ago.
Looking ahead, Craneware said it is confident its results for the financial year ending June will align with
market consensus.
Chief Executive Officer Keith Neilson said: "Our growth in the first half of the year is tangible evidence of the return of healthcare providers' focus to their strategic priorities and their increasing investment in technology to provide the insights to achieve them.
"We have entered the second half of the year with good sales momentum and focus. We remain confident in the delivery of results for the year in line with current consensus, further growth acceleration over the near term, and our ability to create further long-term value for all stakeholders," he added.
Shares in Craneware were down 0.2% at 2,105.00 pence each in London on Monday morning.
By Sabrina Penty, Alliance News reporter
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Craneware (CRW)