SysGroup PLC - Liverpool-based IT services, cyber security and cloud hosting provider - Expects to report revenue of GBP11.3 million for six months that ended on September 30, up 49% from GBP7.6 million the year before. Adjusted earnings before interest, tax, depreciation and amortisation is expected to reach GBP1.7 million, up from GBP1.3 million. Says both are in line with expectations.
Chief Executive Officer Adam Binks says: "I am pleased with the progress that we have made in H1 [financial 2023]. To have delivered a revenue and adjusted Ebitda performance in line with current market expectations."
SysGroup expects to meet market expectations for the full financial year. Half-year results for six months ended on September 30 will be published on November 21.
Current stock price: 22.74 pence, up 11% around Wednesday midday in London
12-month change: down 32%
By Xindi Wei; xindiwei@alliancenews.com
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Sysgroup (SYS)