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IN BRIEF: Panoply Annual Loss Widens; Optimistic On Prospects

Thu, 30th Jul 2020 18:18

Panoply Holdings PLC - AIM-listed technology services group - For financial year ended March 31, pretax loss widens to GBP3.0 million from GBP1.7 million in financial 2019. Revenue jumps to GBP31.5 million from GBP22.1 million. Administrative expenses rise to GBP15.1 million from GBP5.0 million. "Looking forward, and accelerated by the impact of Covid-19, we are increasingly seeing digital transformation services embraced across local government, healthcare, and the other key public sector areas in which we operate. With a confidence in the distinct model and ethos that sets The Panoply apart, we are in an excellent position to capitalise on the demand for a truly modern, technologically-driven public sector fit for the new world we live in," says Chief Executive Neal Gandhi.

Current stock price: 90.00 pence

Year-to-date change: up 6.1%

By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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