Elixirr International PLC - London-based challenger consultancy - Pretax profit rises 53% to GP2.6 million for six months ended June 30 from GBP1.7 million in six months ended December 31. Revenue rises 3.8% to GBP13.6 million from GBP13.1 million. Net cash position reduces to GBP1.9 million in June from GBP3.0 million at the end of 2019. Elixirr incorporated December 2018 but dormant until July 2019 and acquisition of Elixirr Partners LLP, hence H1 2020 results are compared to H2 2019.
Chief Executive Stephen Newton: "Our pipeline for the coming months is full of exciting opportunities for the growth of the firm, our Elixirr people and most importantly for delivering value to our clients. We are confident that we will continue to progress with our objectives for the remainder of the year and into the future."
Current stock price: 228.00 pence
Year-to-date change: up 11% since trading commenced in July
By Anna Farley; annafarley@alliancenews.com
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Elixirr International (ELIX)