IN BRIEF: Checkit Predicts Profit As Interim Loss Narrows On Savings

Checkit PLC - Cambridge-based workflow management software provider - Revenue for the six months to July 31 doubled to GBP6.4 million. Pretax loss narrows year-on-year to GBP2.0 million from GBP3.1 million due to new subscription pricing strategy and cost reduction measures. Remains confident about the outlook and reinstates financial guidance. Well-funded and profitability on track despite Covid-19 recent disruption. Cash of GBP13.4 million at July 31.

Current stock price: 44.10 pence

Year-to-date change: up 30%

By Tapan Panchal; tapanpanchal@alliancenews.com

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